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FIRST ANSWER
Need those current sales to give current values for the refinances, so due to the $8000 First time buyers tax credit, we might have 6 months of good data, and if it's extended the over all market will keep getting better, and the refinancing to get folks out of those bad adjustable mortgage if they have any equity left, then the loan modifications are in store. We need to get rid of the Bank Repo, or REO and Short Sales to let the market finish adjusting and maybe an improvement in values one day soon.
Mon Oct 12 2009, 13:03