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June 11, 2008



Hooray!! Finally a clearer picture of how much sellers can expect a nearby/recent foreclosure in the neighborhood to effect their own sales price. Thanks for all your hard work!!!


Do you have any resources on default rates? I've recently seen some stats from NAMB that showed default rates on newly made loans are trending up. I didn't look all that closely, but wouldn't the history of default rates up to today combined with this affordability picture tell the tale of whether we will burn through these foreclosures any time soon?

John Wingate

Good picture for foreclosures. Buyers and investors can find some great deals out there right now. I've seen some homes that should be priced higher and lower but the homes are selling.

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