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Are house prices inflated?

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    Are house prices inflated?

    Hearing lots of predictions that house prices are
    going to correct downward whats the consencious
    out there? Looking at picking up a new or nearly
    house in Lethbridge. One new house 500k has
    been on the market 200 days already. Paying 500
    for a house is only slightly above an average
    home.

    http://www.remax.ca/ab/lethbridge-real-estate/na-
    501-sunridge-w-crescent-na-wp_id73404580-lst
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