Uncle Sam Adds 5% to Prices of Homes, Goldman Says
Uncle Sam Adds 5% to Prices of Homes, Goldman Says
IMHO, Measuring a "shadow inventory" is like making drug seizures the basis for a new variable in the GDP. It is not a measure, only theoretical. How good has Goldman been in the past at forecasting and vauling real estate mortgages, pricing, etc.
Roy, if nothing else the 5% gain in home prices makes sense and I came to that conclusion months ago. Many times the seller knows the buyer is getting the credit and therefore negotiates a little tougher...at least that's the way I see it.
Roy, I think what Nick said above makes a lot of sense: "Many times the seller knows the buyer is getting the credit and therefore negotiates a little tougher."
Leilani
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