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Credit crunch round #2 coming up and will freak out people once again, so I think skittishness will continue for another year. Prime ARM resets/ Alt-A resets will have 750-FICO buyers walking away from properties, adding to the issues at hand. Not out of the woods yet, but for those looking to profit the time might be during the next 12-18 months. That's when some true bargains can be had.
Aug 11 11:24 am
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All Comments by sickofthehype »Economic Report Summary: Housing Market Getting Worse, Not Better [View article]