Sunday, September 26, 2010
At what point will short sales become meaningful to restarting the housing market?
The Washington Post today forecasts 400,000 short sales this year. Lawrence Yun says there will be 2.5 million foreclosures in 2010. So while short sales have have increased substantially, they will still be only about 1/6 the number of foreclosures.
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6 comments:
very nice seems to have much knowledge in real-estate.Real-Estate on sliceindia.com
Selling house fast during the downturn economy may take some time but the property should not be undervalued. It should be evaluated accordingly in relation with the market price today.
Richard Li says I understand how you short sell a share but how do you short sell a house?
Are there financial instruments that allow short selling of real estate?
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