Let’s hope this is good news and we see home prices level off in their historic range.  The problem is going to that inside that parabola…err, open ended triangle, is a heck of a lot of second mortgage debt and homes no longer worth the note they were purchased for.  There is an estimated $103 BILLION in lost value that was supporting credit cards, trips to the beach, business start-ups and the like.  It will take us some time to claw back out.

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