Housing and mortgage trends

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CoreLogic: NAR Sales Data Overstated

Feb 16, 2011By

In the latest release of their U.S. Housing and Mortgage Trends report, CoreLogic stated that home sales in 2010 declined to the lowest level since the collapse in the housing market and that home sales reports from the National Association of Realtors (NAR) are overstated by about 15% to 20%. The report pointed to price declines driven by a large imbalance between supply and demand and an increase in distressed sales.  Although, non-distressed sales saw an increase in prices of 7% (primarily fueled by purchase incentives), there continues to be downward pressure on prices as a result of a

3d rendering of a row of luxury townhouses along a street

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