I don't know what to make of the fact that housing sales were apparently doing better in September, before the main crisis hit. Just clearing out some foreclosed inventory, buyer capitulation, or some actual signs of stabilization? I'm not sure it matters, as I'm pretty sure that next month's figures won't be so rosy. A broker just told me about a client with several million in other real estate assets and a solid annual income losing a mortgage for less than 3X annual income.
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