December Pending Home Sales were UP nationally 6.3%, (Northeast down 1.7%).... roughly 1/3 distressed and short sales. http://www.realtor.org/research/research/phsdata
Sellers: your competition is selling lower... be aggressive in your pricing and do not deal with offers as you did when it was a selelrs market... Be nice to all buyers and counter aggressively.
Buyers: Indications are that we're bouncing around the bottom, probably, great time to buy! Pull that trigger and if you think the market's still lower than a seller's asking price suggests, make offers now at where you think the bottom will be...and prevent the competition outbidding you once everyone knows we're at the bottom! Especially when you need a place to live...
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