One of the realtors around here is calculating distressed properties

[petmoosie]

Of the 13 active listings in our area, 7 are "distressed". Distressed means foreclosure, bank-owned, short sales and subject to 3rd-party approval. A few of the recent sales are down 29-34% from the previous transaction in May or August of 2006 (alright, only two sales were analyzed in this way).

I hope that the families involved were able to start over. There is a lot of possible tragedy in those numbers.