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Thursday, September 16, 2010

CoreLogic sees distressed housing sales rising in coming months

This will again put pressure on housing prices with so much inventory on the market.  Interesting note:

The firm said non-distressed sales fell nearly twice as much in high-negative equity zip codes in comparison to low-negative equity zip codes.
And
non- distressed sales have dramatically declined and there is a clear relationship between the decline in non-distressed sales and the level of negative equity."
Read it all

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