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    The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.


    — Mark Zandi

    #because #below #currently #distressed #fall



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    Did you know about Mark Zandi?

    D. S. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty) which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

    Prior to founding Economy. He attended Upper Merion High School where he earned his diploma.

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