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Foreclosures and Home Price Appreciation

While some may disagree whether foreclosures beget slowing home price appreciation or vice versa (it's probably both), there's no doubt that the two are closely related. Take a look at this chart based on RealtyTrac's foreclosure statistics and the Office of Federal Housing Enterprise Oversight's House Price Index.

 

Posted: Thu, January 10 2008 7:59 AM by darenb

Comments

darenb said:

Thanks Geoff for the information. It's always good to hear about what is happening out there in the real world that is driving the data we see.

We're hearing similar stories of more short sales from across the country, and we would expect short sales to continue to be popular given the passage of the new federal bill that eliminates taxes on forgiven mortgage debt.
# January 11, 2008 9:08 AM
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