tag:blogger.com,1999:blog-27697009.post1268435503944381823..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Got REO?Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27697009.post-61067439055158490462007-04-13T07:22:00.000-07:002007-04-13T07:22:00.000-07:00That is the case. It's not that it's intensional,...That is the case. It's not that it's intensional, a sale is a sale. <BR/><BR/>The irritating thing is that the recorded price for the Trustee Sale is the amount owed. So if the amount owed is say $100k over current value, it skews the average sales price for the month upward.<BR/><BR/>Today San Diego reported average sales prices up and total sold down on 3,218 sales. About 1/4th of those could be REO's<BR/><BR/>So not only does it influence Average Sale Price, but also reflects in the total Number Sold.<BR/><BR/>So the Trustee sale can add one to sales, increase the mean price and add one to present inventory all at the same time.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-60061362373729668552007-04-13T05:39:00.000-07:002007-04-13T05:39:00.000-07:00Jim,When a lender takes back a property via a trus...Jim,<BR/><BR/>When a lender takes back a property via a trustee sale, does that count as a sale as far as real estate date goes? So when the NAR says sales are up, could some of them be REOs?carlgracehttps://www.blogger.com/profile/09918096327613536965noreply@blogger.com