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On Bloomberg TV discussing foreclosures

Interesting interview with head of Zillow about the state of foreclosures and where we may be in this real estate market cycle. Thanks for the tip. Knowledge is power.... Thanks Spencer

Via Spencer Rascoff (Zillow):

Here's the analysis of foreclosures moving upscal e.

The startling headline is this -- in 2006, the top 1/3 most expensive homes in each local area made up 16% of foreclosures. Today, the top 1/3 of homes make up 30% of foreclosures.

And here's the video from Bloomberg TV today discussing this and other issues. Sorry to come off as so pessimistic, but I call 'em like I see 'em. No spin here.

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Posted by Ronnie Margolis, Kauai Realtor®, CDPE, ABR, RA - On Top of the Aloha Beat on 10/12/2009 07:19 PM

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