Just read a Press Release from DS News that should give us all hope. California, Florida and Arizona can't be far behind!
This Just Released According to DSNews - - -
Bank of America Paces Release of Shadow Inventory in Nevada
Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, about 500 a month, according to a local Las Vegas newspaper. The pent-up supply is part of that looming shadow inventory - a stock of distressed properties that have yet to hit the market because of banks' voluntary foreclosure moratoriums prior to the administration's Making Home Affordable program, complex modification evaluations, and lengthy short sale negotiations.