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It seems that residents are getting away from the United States’ skiing and snowboarding capital, Colorado as fast as they can. If not for anything else these homeowners are probably just in a hurry to get rid of the burden of paying housing mortgages that run so high these days.
One in three homeowners in Colorado is reportedly taking even a losing price just to sell their houses whose market prices have plunged 20 percent year-over-year. Take note of this Orlando house bought at $329,000 in 2006 but is now listed for sale on Zillow at a very low price. The homeowner is losing $40,000 in offering it at $289,000 only.
Another instance…
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