Housing Market Hits Even the Strong Cities

A number of cities that have held up as good housing markets in the midst of a national crisis have recently succumbed to the general trend. Lately Charlotte, NC, Seattle, Portland, Ore., and Salt Lake City have all registered declines even though they had posted pricing gains during 2007. What this development brings to light is that the trend of the declining housing market is extending its reach. However, these cities still remain better off than most cities and will most likely rebound more quickly than the others, as well.

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