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Posted Wednesday, November 10, 2010, at 11:46 AM

I was watching Fox News this morning as I do every morning and they had a blurb about how home values have dropped over 25%...ETC..... THOSE STATISTICS DO NOT APPLY TO OUR MARKET!!! I hope that people are not listening to the National news and equate that to our area. We have a very stable market in McCook and have for quite some time. We, like many small communities have not felt the impact like most of the larger markets have. We have many things that have contributed to our stability and it is my belief that the commitment of the banks to the community and their customers play a major part in the stability of our economy in our little part of the world.

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Yes, I always find it interesting when I look at a home and then check the actual evaluation of it and the owner is asking 20,000 or more over what the home was valued at.

-- Posted by Damu on Wed, Nov 10, 2010, at 3:28 PM

Tax values and market values, in most places, are two different things. The problems really start when tax values are more then market value.

-- Posted by npwinder on Wed, Nov 10, 2010, at 9:36 PM

Very true, and we are very lucky that for the most part that is not an issue in our area.

-- Posted by mkircher realtor on Fri, Nov 12, 2010, at 3:44 PM

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Southwest Nebraska Real Estate
Mary Kircher
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Mary has been in Real Estate for over 15 years, and is a State of Nebraska Licensed Real Estate Broker. She is the Housing Development Director for McCook Economic Development Corporation, where she administers downpayment assistance programs, purchase rehab resell, homebuyer education and she is a housing counselor.