Mr. Mortgage: The End Of The Housing Crisis? Huh?
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2008-05-09 — ml-implode.com
``First, the ‘listed’ universe in not representative of the entire ‘for sale’ universe. For example, DataQuick reported that in CA in March 24,565 new and existing homes sold of which 38.4% had foreclosure activity within the past year, meaning much was bank REO (Real Estate Owned). Most bank owned REO, including homes sold through the major auction aggregators such as REDC, never make it to the official MLS.''