Dammit! If it weren't for the high rates of foreclosures in the states of California, Nevada, Florida and Arizona, this media circus about the national housing bubble crash would easily blow over like a Phoenix tumbleweed, or a category 2 hurricane approaching Orlando.
"Those states have special circumstances that do not reflect what is happening in the rest of the country." - Doug Duncan, MBA's Chief Economist and Senior Vice President of Research and Business Development
In other words, nothing to see here people! Move along. Nothing to see here!
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http://www.news-press.com/apps/pbcs.dll/article?AID=/20070618/RE/70617009/1075/ACC
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