So is the sub-prime mortgage market the primary reason for the steep down in the real-estate market?
It may not be certainly true most of it. It has more to do with bad mortgage brokers. They overstate income on stated deals, they have appraisers in their pocket to inflate values, they get the deal done, no matter how bad it may be.
 It’s been a buyers market for about a year now, and the problems in subprime have only been hitting the fan for a few months. Read the rest of this entry »
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