I've been writing a lot about short sales in the past week or so, because I really do feel that we do a buyer a disservice if we don't point out that short sales are neither short nor sales.

Lately I've gotten even more curmudgeonly about it and have taken to calling them fake listings, following Frank LLosa's lead.  For more on that point of view, see my three part article series, Are Short Sales Fake Listings?

I'm also going to have another article coming out on the overall Sacramento numbers and how they continue to make the point.  These listings are discounted some 24% from non-distressed listings, yet the non-distressed homes out-close them by more than two to one!

Gimme them old time REOs, they're good enough for me.