Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is close to 95.000
Total Avtive on the market for Sale 216 detached houses.
Short Sale Active 75 out of 216
REO Active 8 out of 216
In Default Active properties 8 out of 216
That leaves 125 out of 216 as equity sellers.
This really looks pretty good. The REOs and Short Sales are really down a lot from what was going on last summer.
Let me know how things are going in your market.