Trulia’s Chief Economist Jed Kolko shares the scoop on where prices and rents are headed using Trulia’s Price Monitor and Rent Monitor.
He found that because foreclosed homes in judicial states aren’t sold as quickly as they are in non-judicial states, those markets have experienced a more sober and sustainable price recovery compared to the non-judicial ones. As a result, the report shows that the most extreme price slowdowns today are concentrated in non-judicial states, particularly in California and the Southwest.
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