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Nationally, house prices have stabilized in each of three housing sectors: luxury, median, and investor grade (entry-level). Luxury housing has held its value relatively well, but experienced a slight dip in the last quarter. Investor grade/entry-level housing just began to stabilize earlier this year and may have no where to go but up. Compared to rents, income levels (consumer affordability), and other factors, investor grade housing is undervalued nationally.
