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No We Don't Have A Bottom

By The Daily Dish

Mar 24 2009, 5:05 AM ET

Homesales

This meme is beginning to sound like an orgy, but Calculated Risk looks at the latest housing numbers:

...a significant percentage of recent sales were foreclosure resales, and although these are real sales, I think existing home sales could fall even further when foreclosure resales start to decline sometime in the future.



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