Quote:
Originally posted by bling trade
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.
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Wow. I hadn't really thought about that but that makes perfect sense. With a lot of these houses people are taking thirty or forty thousand dollars back from the purchase because it is so easy to get a high appraisal.
