Sep 2nd, 2008Response to Lois
In the comments of the blog - you can see Lois' inquiry. My premise is that in markets that are heavily influenced by REO/Short Sale sales, there are two different markets - the REO/Short Sale market dictated by large corporate lenders trying to clear their balance sheets, and the conventional market - where the discretion of the buyer and seller creates a different, in my view, more "market driven" dynamic. I believe that we need to watch this dichotmy over the coming months.
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