56685, Waskish, MN

There is no question that the current market conditions in the 56685 zip code of Waskish, MN are quite challenging. Home prices have plummeted by more than 30% since their peak in 2007, and home equity values have taken a significant hit as well. In fact, according to Zillow, the median home value in this zip code is only $128,000 - a far cry from the $269,000 that was reported just five years ago.

While there are many factors contributing to this decline in home values - including increased competition from other areas within the state and nationwide, low interest rates and an overall slowdown in the economy - one thing that cannot be ignored is the fact that Waskish residents are simply not able to afford to buy or sell homes at these prices. In fact, according to recent data from Realtor.com®, only 2% of homes sold in this zip code during the first quarter of 2018 were purchased by people who live within its boundaries!

This situation is clearly unsustainable over time, and it's likely that we will see even more dramatic price declines as time goes on. At this point it's important for all homeowners in this area to do everything they can to protect their equity values and preserve their ability to sell or borrow against their homes should they decide that it's time for a change. There are a number of things you can do to help safeguard your assets: keep your mortgage payments on track; maintain adequate insurance coverage; stay current with your property taxes; and make sure you're making wise investment decisions (including keeping enough money set aside for potential repairs or replacements).

In short: while it may be tough right now, staying positive and taking proactive steps towards preserving your home equity is definitely worth doing if you want to stay safe and secure during these difficult times.