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What interest me is THIS ARTICLE'S GRAPH .
What struck me is that recessions correlate with the use of the word "Recession" in newspaper articles. Hmmm.... But the newspaper articles seem to be a lagging indicator...
Got popcorn?
Neil
Someday I'll buy a home. That will be after home prices get sane. The credit markets are tightening up; that will only drive up requirements for down payments. Thus home prices will continue to dive due to reduced competition from specuvestors and the lack of a qualified buyers pool. Notice how home sales rates are plummeting; that will only drive prices further. The bottom? Probably 2011 to 2014. When you do buy, buy smart.
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