If foreclosure sales are 40% of the SD market, and Fannie + Freddie own almost 50% of the foreclosures, then they control almost 20% of the market, don’t they? No wonder the prices aren’t dropping as fast as some of us think they should!
Fannie + Freddie may own 50% of the foreclosures in Flint MI, but definitely not in San Diego. My guess is, F+F owned foreclosures in San Diego are almost nonexistent.
