Figures: The short sales are still increasing, a little more than last week (low activity from the fires?)and the total listings are definitely going back down. Rich’s comments in the new housing data pretty much sum things up though – the listings are decreasing slightly, but coupled with sales in the basement makes huge difference in supply vs. demand – add to that short sales listings still going up (ai.e. possibly distressed) and things are getting interesting.

[img_assist|nid=5409|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=351]
[img_assist|nid=5410|title= Percent Change and Percent short of Total|desc=|link=node|align=left|width=466|height=351]