Waterboy last year I posted a thread where I did a search on sold homes in 4S that had a few strings like “short sale”, “bank owned” etc in the comment fields. It was by no means scientific but it did show an increasing trend in distress sales for the community from 05-07. If I have a chance this week I will try to perform the same experiment. Again it will not give exact data but it will give us an idea percentage wise of the distress level and perhaps give an indication of what we can extrapolate moving forward.
Agreed with the dour outlook for the economy and unemployment. However I also feel out incoming president will take unprecedented steps to keep people in homes.
