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Builders went a little crazy, and now the for-sale signs are everywhere. Across the South, builders are sitting on nearly 300,000 unsold homes — the most on record. The homes behind me are four-bedroom, two-bath houses priced between $240,000 and $300,000. Monthly payments on these can be as low as $1,300 to $1,400. Some builders are even offering 100% financing. That alone tells you where we are in the housing cycle. The last time we saw widespread zero-down financing was 2006–2007, right befor

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