If you read the papers you see data that reflects the answer to this question is, yes. Data shows inventory level is down and there is a small squeak of an increase in price. What this does not reflect is the moratorium that was enacted in December 2008 restricting lenders ability to file for foreclosure.
Well that flood gate has been opened and we can expect a new wave of sweet deals coming to the market place. Yes, it's unfortunate that it is happening but more importantly if you are the kind of person who can see opportunity in chaos you can find yourself buying property at prices from nearly 2 decades ago.
- Dill
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