Replies to post #38 on Real Estate Trends (RETRENDS)

[PatD100]

Many of the short sales have turned to REO's! This makes home buying easy for the frustrated buyers. Volume has increased as a result across the area but prices are still softening further. Overall economy / employment not good. However with new lending laws coming into effect on Jan 1 '09, Buyers over 600 - 650k would be wise to close by EOY or face lending nightmare

Just closed a short sale that took 4.5 monjths to get answer from my sellers lender! One of the few to get approved so I should not complain!