I agree! Some homes bought during those years did not appreciate enough to make a profit or break even. I see many Short Sales on the market this 2013 season.
I can assess your property market price if you'd like!
I'm a licensed PA Agent ! I live in FortWashington, PA in beautiful Montgomery County.
Please call or email me in the near future!
Liberty Bell Real Estate
Direct Phone: 215-237-4147
Where the 10 to 14% appreciation you refer to fits in is beyond me.