Relevant:
- Survey Says Foreclosure Mess Prompts Homebuyers to Avoid REOs and Distressed Properties
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- homebuyers say no to distressed properties thanks to foreclosure mess
- RealtyTrac: Distressed Sales Up in 2013
- Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase
2009-07-12 — doctorhousingbubble.com
`` California with a $26.3 billion deficit and pumping out IOUs, yet some people still think that their region is locked in a tiny silo that protects their pseudo housing wealth. Some people are still in the mania phase of the bubble, (as hard as that it to believe)... let us keep our focus on Palms. With 95 distressed properties, you would assume that many would show up in the MLS right? Nope. Only 3 of these properties are listed as foreclosure or short sales even though 43 of the 95 distressed properties are bank owned or geared up for auction.''
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