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In December of 2007, I was telling my clients that our region was not affected by the housing crisis, as I have not been aware of any speculative investing during the past 5 years and 99% of the buyers I have served, utilized 30 year fixed mortgages for their financing. I felt that the sluggishness of our market and our bloated inventory was a direct result of the constant barrage of negative news articles fed to our population on the Nightly News, which left consumers staring into the heavens waiting for the sky to fall -- hundreds of houses going into foreclosure and being … (7 comments)
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