Forclosures listed as “sales” in statistics, make people think that houses are still “selling”. Since everyone knows that foreclosures are at a record number, it makes it seem that there are a lot more sales, at higher prices, than is actually taking place. This makes people more reluctant to lower prices, in order to sell their own houses. It slows down the correction that is needed to get to the bottom. Is there a way to adjust the sales figures to reflect actual sales, and eliminate the foreclosures which skew to the positive?
