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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (11336)6/23/2003 1:37:35 PM
From: Skeeter BugRead Replies (1) of 306849
 
less, this quote says it all..

Drowning in debt: According to the Federal Reserve, mortgage debt jumped 12.4 percent last year and has climbed 9.7 percent annually over the past five years... Low rates have fueled a sharp rise in home prices, which are up 39 percent in the past five years...
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