“The government’s data on home prices may be overstating the weakness of the market.”
“Paulson said that home prices typically include foreclosure sales, which usually occur at a discount. In some cities, foreclosure sales have spiked. For instance, foreclosure sales in March were 29% of sales in Los Angeles, Paulson said. Existing home sales appear to have flattened, Paulson said, which could mean that demand for housing is stabilizing.”
So climbing foreclosure sales don’t count as part of the market? What kind of logic is this?
