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and you have this place where you show off your model homes,
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how many people are coming by to look at your model homes today
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as potential buyers?
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The blue line is the traffic of homebuyers.
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You can see that it has reached the lowest level ever.
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It has dropped precipitously and you note that the pink line,
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which shows the rate of growth of home prices,
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the rate of growth of home prices,
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has fallen just right along with the traffic of homebuyers.
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I think it's pretty clear what's happening.
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People saw the rising home prices;
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they thought they would rise forever;