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Unsustainable factors are making the numbers look more hopeful than they really are.
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While they’re a step in the right direction, lower mortgage rates won’t solve the foreclosure and confidence problems the market is facing.
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We have yet to see how the government’s actions will affect the housing industry.
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Mounting floods of foreclosures continue to pull home and land prices down.
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A hard look at market factors refutes seemingly optimistic signs.
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In the current market, the banks hold all the cards.