All real estate is local and depends on a number of factors, including the economy, interest rates, federal policies, and of course availability. I think it is a little naive to say it doubles every 10 years. In fact, over the last 20 years or so it has been more of a 7-year boom/bust cycle. Overall I would predict things to be fairly flat across the country over the next couple of years. The economy is improving, but interest rates are rising and federal policies are making it harder for people to qualify for mortgages.
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