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Region 7: While a majority of agents, 53%, in Region 7 (Indiana, Illinois, and Wisconsin) expect home prices to rise over the coming year, roughly 46% expect a decline. Expectations in this area are heavily split and likely reflect submarket differences.
Region 8: The price discount for short sales fell steadily in Region 8 (Minnesota, Iowa, North Dakota, South Dakota, and Nebraska) in 2010 before tumbling by nearly 75% from the 3rd quarter to the 4th. The discount on foreclosures also fell over this same period, but remains large at 19%.
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