Tuesday, May 20, 2008

Valley home-sales reports are at odds

"One sign of the Valley's troubled housing market is the growing incidence of lenders assuming ownership of homes.

Ironically, the increasing number of those transactions has led to a false perception that the real-estate market may be showing signs of recovery.

The confusion stems from a report on April home sales by Jay Butler, director of real-estate studies at Arizona State University's Morrison School of Management and Agribusiness."

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Valley home-sales reports are at odds

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