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July 22, 2008

Comments

Jeremy Hart

Tony, what do you attribute the higher # of units sold vs. lower sales price to? Foreclosure and short sales?

Tony Arko

Jeremy, definitely the foreclosure activity is the cause of this stat. The buyers at the low end are very active and they are looking for the bargains that the foreclosure properties represent. Short sales that actually close are still too small a subset to have a meaningful effect.

Property in Brazil

Hi,

This is good statical information provided here.
I agree with Tony that the buyers at the low end are very active and they are looking for the bargains that the foreclosure properties represent.

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