Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
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.
very nice seems to have much knowledge in real-estate.Real-Estate on sliceindia.com
ReplyDeleteRichard Li says I understand how you short sell a share but how do you short sell a house?
ReplyDeleteAre there financial instruments that allow short selling of real estate?
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