Price Differences Between Foreclosures and Non-Foreclosures

Services for Real Estate Pros with Zillow

Zillow's Chief Economist, Dr. Stan Humphries, released the following white paper today analyzing foreclosure home sales. I think you'll find it very interesting.



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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Sara Bonert 01/26/2010 03:05 PM
  2. Missy Kitzman 01/28/2010 02:35 PM
Real Estate Sales and Marketing
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Zillow Discussion Group
housing data
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Spencer, fascinating stuff here.  I've just bookmarked it so I can read it more carefully later. 

I wonder what might happen if the bank sellers started to behave like conventional sellers.  You know, fixing the place up and really exposing it to the market.  Not that I expect that to happen any time soon.

Jan 26, 2010 06:04 PM #1
Thomas Johnson
RE/MAX TOP - Houston, TX
SRES, Green

Spencer: What is the result if only cash sales of market price homes is used? I think that these ratios reflect a cash discount and possibly an adjustment for condition.  Market price sales are more often than not, in good condition, are fully disclosed and sold by a Realtor that answers the phone. In the Houston housing market, I have not seen many foreclosures that are move in ready or discounted sufficiently to justify the risk of no disclosure and no consumer protection for the buyer.

Jan 27, 2010 01:54 AM #2
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