Relevant:
- Prices rise for homes in foreclosure or sold by banks
- Home Prices Decline in Almost Three-Fourths of U.S. Metropolitan Areas
- More homes are poised to hit the market
- Mr Mortgage: June Home Sales Report & Preview for This Week’s ‘Official’ Reports
- Home Prices Drop in Three-Fourths of U.S. Metro Areas as Foreclosures Rise
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.''
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