VIEWS: 13 PAGES: 2 CATEGORY: Engineering & Energy POSTED ON: 5/30/2010
"The median home price reflects more transactions related to subprime loans," [Lawrence Yun] said. "Fewer than 10 percent of homeowners have subprime loans, but these mortgages are accounting for a disproportionately high share of sales in the current market. On the other hand, areas that have had sharp price cuts are seeing a turnaround in sales, which are rising very fast now in parts of California, Florida and Nevada."
M A R K E T OV E RV I E W Existing-home
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