2009-10-14 — housingdoom.com
" Two-thirds of the Phoenix-area homes that changed owners last month were either new foreclosures or resales of properties that had recently been foreclosures. The latest Realty Studies report from the W. P. Carey School of Business at Arizona State University explains a recovery can’t really be established until foreclosure-related activity is not the dominant force in the Valley housing market."
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catherine at 19:51 2009-10-14 said:
EXACTLY, THAT IS WHY THE BANKS SAYING THEY HAVE ANY PROFIT IS A LIE, EVERY TRANSACTION IN THE MARKET IS AN INVESTMENT SELLING FOR LESS THAN OWED..........SOME INVESTOR SOMEWHERE IS TAKING IT IN THE SHORTS AND THIS SHOWS NO SIGN OF STOPPING. SOONER OR LATER THE INVESTORS THAT ARE BLEEDING WILL HAVE TO SHOW THEIR FACES. Permalinkadd a comment | go to forum thread
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