This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.
If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.
