eddie22lynn | Shared With: Everyone - Jan 27 2009 | Home prices, foreclosures, inventory, borrowers, lenders, mortgages.The Arizona metropolis recorded the worst 12-month decline, at 32.9%, followed by Las Vegas, at 31.
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This chart illustrates the two refi cycles, the one that we're in right now, and the one that will start roughly 1 year from now.
The bottom line - we're only in the eye of the storm, we haven't passed it yet
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