jztz – yeah that is my hope as well… That it is still to early in the cycle. Hopefully as the cycle continues the short sales go into foreclosure, the REO inventory goes up, and the prices come down.
I think RLA had a very inciteful post on this thread.
Finally, with regards to the MLS run by Sandicor, the only sales that are recorded on the Sandicor MLS are those that are sold through the MLS. Thus, FSBOs, trustee sales, anything that was NOT actively marketed in Sandicor will not show up as a sold. However, there are more and more short sales, and REO properties now being displayed on the MLS so those sales will be recorded on the MLS should they complete.
