There have been several attempts here to bust up the media’s insistence that foreclosures cause prices to plunge.  The servicers get appraisals and BPOs completed on every asset, and price them accordingly to achieve top dollar – they aren’t giving anything away.

The national statistics will probably reflect a downward trend.  If so, it’ll be more due to the cheaper junk being sold, than the prime properties – the owners are trying harder to keep those.

Here’s an example:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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