ASU Realty Studies has released its most recent report (PDF), authored as always by Dr. Jay Butler. Butler indicated that foreclosure activity was “only” 38% of the market, as opposed to the 43% posted in February. Here’s what Butler said about the drop: Because the change is so slight, the fundamental uncertainty remains as to whether the initial months of 2011 represent short-term response in unclogging the pipeline after the moratoriums or a continuation of a market being dominated by foreclosures. For those of you who might also be wondering if the market will remain dominated by foreclosures, you might…
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