If you follow network or cable news you probably believe that the real estate market has gone from unbridled insanity where buyers apparently losing all perspective, bid wantonly against dozens of other equally crazed buyers for the same house, stretched way above their means to purchase increasingly unaffordable houses which seemingly increased exponentially in value every hour to a market today where......nothing is selling!
And it made this dramatic shift in intensity and direction without ever pausing, for even a second, at equilibrium.
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