Quote:
Originally posted by Spanky
in general the reports on how fast and hard the property prices have been dropping across the country have been way under reported. I think part of the problem is that in many cities the market has just stopped.
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There are a couple big problems with the reported information on sales and on prices. The statistics on reported sales generally don't take into account cancellations of the sale. The statistics on prices generally don't take into account incentives given to the buyer, and also don't take into account coundo prices. Condo prices are far more sensitive than prices of separate unit houses.
