I do believe that we will see more bank owned homes hit the market this summer. I also believe there will still be quite a few short-sales.
I also think we are going to see more Shortsales. However, there are also 'strong' sellers in this market .Right now in the local market ( Irvine,Tustin) there is not much inventory. There are lot of buyers waiting for better homes to come up. Hopefully, it will be a good match of demand and supply. Mortgage rates are favorable right now though.