That number could be a great proxy for quantifying the effect of all the foreclosures and short sales (among other things) on the demand for homes. If someone can’t qualify for a mortgage loan, they certainly aren’t part of the current demand for home purchases.
That percentage of Americans with a credit score below 620 comes from David Rosenberg.
September 30, 2010 by Realtor John Wake
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John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
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