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Home value decrease

Discussion in 'Oregon' started by Jerry Bone Jr, Nov 30, 2009.

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  1. Jerry Bone Jr

    Jerry Bone Jr Senior Member

    Feb 23, 2004
    Professional Status:
    Licensed Appraiser
    I did an appraisal in April 2008 that came in at $488k. I did the same home today. It came in at $390k. That's a 20% decrease in 606 days.
    This is the first repeat i've done from peak to current.
    In my opinion, this is better that a sale/resale. This is a value/revalue.
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