22.12.2010 - Real estate: Lessons learned and where we go from here
From Foxbusiness.com: In fact, year to date 2010, short sales and foreclosures have accounted for about one-third of home sales, with an average price discount of 26%, according to RealtyTrac. Nationwide, there are almost 2.2 million properties in foreclosure. Everyone agrees that more such sales are on the way, but estimates vary widely as to the amount and duration. Robert Shiller, the Yale economist and co-creator of the S&P/Case-Shiller Home Price Index, which tracks the real estate market, and who correctly called the real estate “bubble” in 2006 just before housing prices fell through the floor..............................................Full Article: Source
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