[nvjen]

Here in northern NV, sales came to a screeching halt last winter. The prices have stayed about the same since then, but 90% (unscientific observation) of the inventory are short sales. There are some standard sales and foreclosures sprinkled about, but just about anything you look at is a short sale. And a ton are pending, but have been pending for months and months. We all know the reason for that...banks are playing the waiting game. I've talked to some mortgage brokers who say that it is so difficult to get loans to close now even with willing and able buyers. The new appraisal laws make it difficult, too. I think it's a difficult transition, from one extreme to the other, and we're all having to pay the price.