Real Estate And The State: Mind The Interventions

So how healthy is the mortgage market? Headlines may mislead the uninformed that delinquencies are in the past and real estate is well on its recovery path. That is not remotely true. Take a look at the following historical delinquency chart from the St Louis Fed. While we may be off the highs after the sub-prime crisis, we are not even midway to the historical ranges prior to sub-prime.......
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