As a mortgage lender we always order an appraisal on the homes and condos that we are financing.  The appraisal is full of information about the house, the neighborhood and the overall real estate market.  In one section of the appraisal there are  three little boxes that pertain to the property values.  The little boxes are labeled increasing, stable, and declining.  Only in the last few years have we received appraisals with the “declining” box checked.
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