2. Real estate equity and debt markets are closely intertwined: Most new properties are financed in part with mortgage-secured notes, and there is an active secondary market for both mortgage notes and real estate equity interests. Under what circumstances would prices in these markets most likely move in opposite directions? 2. Real estate equity and debt markets are closely intertwined: Most new properties are financed in part with mortgage-secured notes, and there is an active secondary market for both mortgage notes and real estate equity interests. Under what circumstances would prices in these markets most likely move in opposite directions