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Yes We Have A Bottom

By The Daily Dish

Mar 24 2009, 4:53 AM ET

United_states

No Empty Wallets counters Drum on the housing market:

If prices were to fall another 20% to $132k as Drum suggests, or $124k when adjusted for the tax credit, we would be at the same inflation adjusted median price as the early 80s (when mortgage rates were a whopping 18.5%).



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