"As the housing market slump deepens, disguised discounts are making it harder to tell exactly how much people are paying for homes. ... But incentives offered to buyers ... are making [county sale records] less reliable as a sign of what buyers actually paid, netting out the giveaways. ... But mortgage-fraud experts say the rebates are often designed to fool lenders into making bigger loans than they otherwise would", WSJ, 19 December.
The article cited a townhome that Zillow.com valued at 14% "above the net price paid by the buyer". The real estate slump may be more severe than many people think.
The article cited a townhome that Zillow.com valued at 14% "above the net price paid by the buyer". The real estate slump may be more severe than many people think.
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