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 August 14, 2007

Strong Micro-markets Buck Housing Slowdown
Certain communities and zip codes are going against the grain amid national and regional housing market slowdowns. These areas and zip codes exhibit strong market activity even if surrounding areas have slowed down.
What makes up an "oasis micro-market?" Here are the factors from the experts:

Local school systems are highly regarded.

Crime rates are generally low.

Established neighborhoods near jobs, which don't require residents make long commutes.

Foreclosures are not predominant. These tend to be areas with our many subprime mortgages, and without the negative effects of rising foreclosures.

Residents with healthy incomes, and home prices to match. These areas are not typical first time buyer markets.

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