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Loan Modification

: Mortgage Lender Implode-o-Meter

More reasons not to believe the NAR

By Implode-Explode Heavy Industries

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" What this chart does is to back out the percentage of sales classified as "distressed sales" in the NAR's monthly report on existing home sales, which results in a trend that looks very similar to the chart of new home sales that has confounded homebuilders over the last couple years."

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2009 (boomark / email).

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