Price must be compelling!Price must be compelling!

Sales vs. Months SupplySales vs. Months Supply

Sales

MonthsSupply

KCM 12/2010 NAR

"Homes sold out of foreclosure represent a low-priced alternative to homes sold by owner-occupants. When foreclosure sales increase as a share of total home sales, as they are now, owner-occupants face increased pressure to reduce prices in order to compete. If sales of foreclosed homes continue to show greater stability than sales of other homes, overall housing prices will continue to deteriorate."

RPX Monthly Housing Market Report 12/2010

Impact of Shadow InventoryImpact of Shadow Inventory

- Quinn Eddins, Director of Research at Radar Logic

CoreLogic Shadow Inventory Report 11/2010

Shadow & Visible Inventory DetailShadow & Visible Inventory Detail

CoreLogic Shadow Inventory Report 11/2010

Shadow Inventory DetailShadow Inventory Detail

Month’s Supply of Distressed HomesMonth’s Supply of Distressed Homes

CoreLogic Shadow Inventory Report 11/2010

Month’s Supply of Distressed HomesMonth’s Supply of Distressed Homes

CoreLogic Shadow Inventory Report 11/2010

"Our focus should be on fixing problems where they are found and then moving forward expeditiously with foreclosure proceedings." - Edward J. DeMarco, Acting Director Federal Housing Finance Agency

Federal Housing Finance Agency 12/02/2010

Foreclosures Will IncreaseForeclosures Will Increase

Type of Sale % of ValueNon-Distressed Sale 100%Short Sale 81%Foreclosure Sale 59%

Value by Sale CategoryValue by Sale Category

Realty Trac Foreclosure Report 12/02/2010

Home Price Expectation Survey 11/2010

Housing Recovery ExpectationsHousing Recovery Expectations