http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service
Almost no one expected a dramatic decline in housing prices in January 2006. At the time, 43% of first-time home buyers were putting no money down. Six months later, housing prices topped. Today, owners of entry-level homes are once again highly leveraged.

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