3. "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 Inventory - Quinn Eddins, Director of Research at Radar Logic
6. Month’s Supply of Distressed Homes CoreLogic Shadow Inventory Report 11/2010
7. Month’s Supply of Distressed Homes CoreLogic Shadow Inventory Report 11/2010
8. "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 Increase
9. Value by Sale Category Realty Trac Foreclosure Report 12/02/2010 Type of Sale % of Value Non-Distressed Sale 100% Short Sale 81% Foreclosure Sale 59%