Industry News

Foreclosures increase, but don’t overwhelm market

Study: Discounts deeper in markets where foreclosures exceed 8% of sales
Published on Nov 17, 2006

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by CareyBot

A new study reveals that markets in which property foreclosures exceed 8 percent of sales require deeper price discounts to move inventory.  The study, by First American Real Estate Solutions researcher Christopher Cagan, verified two widely held beliefs: that properties ...