So it doesn’t take Nostradamus to predict (or continue to forecast) the driection of the market.  Sure, we have had some growth and some positive results from the Government programs, but that still will not stop the NEXT WAVE of inventory about to FLOOD the market.  The prediction is pretty clear becuase of the factors with reset ARM, unemployment, poor results with HAMP (sepcifically Loan Modifications), and the deappreciation of housing values….That is why they call it a CORRECTION.  The market has to correct itself to the point of bottoming out and then gradually returning to a median price for a period of time, and then (of course) graduate in incrementss where values of properties come back.  The benefit of Short Sales is to accelerate the correction (beating the decline) so that buyers see the value of buying a dicount price today….make sense?  So why aren’t more people taking advantage of the short sale syndrome (I just made that up)?  Becuase FEAR is what holds people back from making steps TODAY, and they usually catch on when the WAVE has subsided.  Take it from an expert (yes, me) that this is the time to JUMP IN….here is an article to only support my commentary.  Keep it short,  Mike “Knows”

http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/index.htm?postversion=2009101507