I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
