"There has been a shift from foreclosures to short sales. Foreclosures are down and short sales are up in all of these cities. In most areas, short sales far out number foreclosures, although Minneapolis is an exception with more foreclosures than short sales.
The overall percent of distressed sales (combined foreclosures and short sales) are down year-over-year almost everywhere. In the cities listed below, distressed sales are down about 25% from a year ago.
Read more at http://www.calculatedriskblog.com/#PmfRI7gu6esLgrrD.99 "
More work to find the bargains..
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And from the builders...
