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View Diary: Concerning the Great Housing Rebound (26 comments)

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  •  How it looks on the front line (3+ / 0-)
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    gjohnsit, jayden, ranger995

    It appears that the market is finding its floor, in both residential and commercial RE.    That can be a good time to buy.  Pathetically enough, we see mortgage lenders/originators desperate enough for new trade that they're engaging in the same go-go, rush-rush, "What's due diligence" approach that got us into the mess before.

    But you're absolutely correct in raising the question of whither the secondary mortgage market.  If there's one area likely to expose rotted beams underneath the floor, that's where it will be.  The next six to twelve months will tell that tale.

    Ever get the feeling you've been cheated?

    by ActivistGuy on Thu Aug 23, 2012 at 04:18:47 PM PDT

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