Thursday, January 28, 2010

more foreclosures

More on what Jim R. spotted the other day...  Bloomberg follows up on the report showing Pittsburgh with the largest discount of foreclosure sale real estate in the nation.  (Not quite sure what the benchmark universe is).... I think we can show pretty clearly that dynamic is very concentrated in certain neighborhoods and communities.   but the same report shows us with foreclosure sales here as the lowest percentage of all sales.  Big topic... but Las Vegas = 74% of all sales are foreclosure sales... Can you imagine?


Anonymous Anonymous said...

It's interesting how much of an outlier Pittsburgh is. The differenc between it and the next most differentiated market is more than the difference between that and the least differentiated market.

It's also interesting that the amount of foreclosures in a market seems to have little influence on the level of differentiation.

Friday, January 29, 2010 8:28:00 AM  

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