Another reason why sales volume might be improving

And for those who want to believe that this can *only* lead to higher prices, think of what the "comps" are going to come in at on appraisals.

The first banks to approve short sales in volume will be able to get out with a smaller lost. I can't imagine how anyone could believe it will lead to higher prices.

oh jeez

No, guys, just look at Miami Beach and HOW MUCH MORE EXPENSIVE short sales are than regular sales.

About 50% less.

And they're still too expensive - compared to rents.

"No, guys, just look at Miami Beach and HOW MUCH MORE EXPENSIVE short sales are than regular sales.

About 50% less."

steve - i really don't follow what you are trying to say here?

Sarcasm.

steve - I know that, but I still can't understand some of what you're trying to say facts wise

"but I still can't understand some of what you're trying to say facts wise"

"facts wise" isn't stevejhx's strong point

With the buyer credit ending and fear of interest rate jumping (and it did, but still low), combined that with short sales being expedited, Q2 sales volumes should be very impressive. Even if they extend the buyer credit, volume and prices should be very interesting the second half of the year with few buyers left! Before seeing 'short sales' programs like this and the 'deed in lieu of foreclosure' programs, I believed that there's a pretty good chance prices will just stay relatively flat for years. I still think it could take a couple of more years to hit bottom, but not a decade.

> "facts wise" isn't stevejhx's strong point

lol... did juice really just say that one?