Relevant:
- Mr. Mortgage: August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ Preview
- Discounted Foreclosures Account for 25% of Home Sales in Third Quarter
- Foreclosure sales fall, lenders favoring short sales – USATODAY.com
- Mr. Mortgage: CA Association of Realtors Needs a Math Class…Perhaps Ethics as Well
- Mr Mortgage - April Home Sales Rise! But Not as Fast as Inventories.
2008-07-23 — ml-implode.com
The [DataQuick] report makes it more evident than ever that ‘the foreclosure market is now the Real Estate market’.
...
For example, if you back out foreclosure-related sales, which were 41.9% of total sales, the picture is especially bleak due to banks taking back 3100 more homes than sold “organicallyâ€. An organic sale is a transaction between two private parties and not from the foreclosure stock).
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