Foreclosuregate

[James]

A useful note about the number of foreclosure homes in any given market and statistics related to them: banks actually control the number of foreclosed homes on the market at any given time. There are large quantities of homes, especially in high-forclosure areas, which the banks withhold from the market to avoid oversaturating it. They place these homes on the market as the market allows. The statistics themselves aren't terribly helpful because they don't convey the truth of actual circumstance.