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Real Estate Guide 2007
Analysis by region
National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.
Analysis by region
What can you buy for $400,000?

If you're shopping for a home this year, you couldn't have timed it better.

The country is in a buyer's market with a 7.2-month supply of homes for sale. Anything more than a six-month supply means an advantage for buyers.

But just how strong that "buyer's market" phenomenon is -- and how it might help you -- can vary from one side of town to the other, or even from one neighborhood or school district to next. And even though it's described as a buyer's market, it's certainly no fire sale.

In the spring of 2006 Bankrate surveyed the country to see how much home $400,000 could buy in 24 cities small, medium and large.

This year we went back to five of those same cities -- in the East, South, Midwest, West and Northwest -- to see what, if anything, has changed.

What can you buy for $400,000?
Five cities surveyed:

-- Posted: March 8, 2007
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