Comments on: How Do Bank Sales Figure in Home-Sales Data? http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html Redfin Los Angeles Sweet Digs Sun, 22 Nov 2009 17:43:07 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: A Look at July’s L.A. County Foreclosures | Redfin Los Angeles Sweet Digs http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html/comment-page-1#comment-16206 A Look at July’s L.A. County Foreclosures | Redfin Los Angeles Sweet Digs Wed, 27 Aug 2008 17:30:30 +0000 http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html#comment-16206 [...] home sales in L.A. County last month, so foreclosure resales represented 26.6% of total sales. (For those who have wondered, DataQuick does not include purchases by banks, lenders, and institutional investors in its monthly [...] [...] home sales in L.A. County last month, so foreclosure resales represented 26.6% of total sales. (For those who have wondered, DataQuick does not include purchases by banks, lenders, and institutional investors in its monthly [...]

]]> By: Cindy Allen http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html/comment-page-1#comment-16114 Cindy Allen Tue, 26 Aug 2008 00:24:57 +0000 http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html#comment-16114 Cal, thank you so much for giving us that information. Now we know! Cal, thank you so much for giving us that information. Now we know!

]]> By: Cal http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html/comment-page-1#comment-16113 Cal Tue, 26 Aug 2008 00:17:45 +0000 http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html#comment-16113 Last sentence in the comment below. http://archive.dqnews.com/RRStatChg0207.shtm "To count as an "arm's-length" sale for our sales counts, the logic we've used insisted that there be a seller, a buyer, and that money changed hands. We've now expanded this to include transactions where there was a purchase loan if no price was apparent. We're also now including multiple sales transactions. If three homes were bought in the same transaction, we now count them as three home sales, not one sale. These changes increase monthly sales counts by an average of 10 percent. Intra-family transfers are not included, nor are foreclosures until a home is re-sold to a new buyer." Last sentence in the comment below.

http://archive.dqnews.com/RRStatChg0207.shtm

“To count as an “arm’s-length” sale for our sales counts, the logic we’ve used insisted that there be a seller, a buyer, and that money changed hands. We’ve now expanded this to include transactions where there was a purchase loan if no price was apparent.

We’re also now including multiple sales transactions. If three homes were bought in the same transaction, we now count them as three home sales, not one sale. These changes increase monthly sales counts by an average of 10 percent. Intra-family transfers are not included, nor are foreclosures until a home is re-sold to a new buyer.”

]]> By: Francine http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html/comment-page-1#comment-16108 Francine Mon, 25 Aug 2008 17:23:45 +0000 http://blog.redfin.com/losangeles/2008/08/how_do_bank_sales_figure_in_home-sales_data.html#comment-16108 If this is the case, DQ will never tell you - an uptick in sales numbers is the ONLY good news they can spin right now, and they're not going to mess that up by admitting how many of those are not really sales at all If this is the case, DQ will never tell you – an uptick in sales numbers is the ONLY good news they can spin right now, and they’re not going to mess that up by admitting how many of those are not really sales at all

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