I do not run real estate ads on Content network (adsense sites). Too little control, no negative keywords, no registrations, and very low CTR. Besides, I have no problem spending my monthly PPC budget exclusively on the Search network, with much better ROI.
I don't use any exact matches. None. Tried them for awhile and got rid of them. Too hard to manage so many possible keyword combinations. In fact, my average CTR and conversion rates went up for all ad groups when I converted them all to phrase matches. Now, I use primarily phrase matches, and just a couple of broad matches in each adgroup to catch anything the phrase matches don't catch.
My typical adgroup has only 12-14 very community specific phrase match keyword combinations, and one or two broad match "catchall" terms. Remember, as I have posted elsewhere, keywords and ad text really need to be the same basic words, and there are only so many possible combinations of the words you have in the ad that make logical sense as keyword phrases. From review of my stats, it is pretty amazing to see all of the various combinations and permutations consumers can come up with though!

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