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Drop in foreclosures lifts overall median price up, but pulls overall sales numbers down A sharp decline in the sales of foreclosure homes contributed to a drop of 17.83 percent in Orlando‘s overall sales for January, despite increases in the number of both short sales and normal sales. Foreclosure sales in January decreased by 57.61 percent when compared to January of 2011, while short sales increased 23.69 percent and normal sales increased 19.92 percent. |
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More NAR Realtor propaganda! We have noticed that NAR claims it is protecting home ownership, but reality is that NAR makes no attempt to sponsor legislation to help upside down home owners in their homes! Could it be that NAR and it’s Realtors are focused only on real estate commission earnings from the sale of REOs and Short Sales? What a coincidence!
The more homes that get foreclosed on … the more homes for Realtors to sell! People, keep in mind we have heard nothing from NAR regarding any kind of positive stance for helping existing homeowners keep their homes! No NAR input on the recent 25Billion Robo signing debacle, no NAR positive input or proposed solutions to ending the real estate crisis other than to foreclose quicker! Wake up Americans! You have been betrayed!