Mr. Mortgage: CA Association of Realtors Needs a Math Class…Perhaps Ethics as Well

``Yes, there was an increase year over year from August 2007 to 2008, which could be viewed as encouraging. However, the number of ‘organic’ sales in August 2008 were only 21,172, as foreclosure-related sales made up 46.9% of the total sales. In August 2007, foreclosure-related sales were negligible. Therefore, in my book real home sales fell sharply from August 2007 to August 2008, less inventory was absorbed, prices tubmled, which is the most destructive and the foreclosure market remains the real estate market at least for now. Nice try guys.''