Why Are There So Many Short Sales?

Upon analyzing my lists of short sales I recieved over the last week, I found that there was an increase in the number of higher end homes that were listed as short sales. Short sales on homes below 200k were relatively steady.

The increase in short sales in higher end homes will probably push high end prices down a little bit.

Luckily, I don't post a lot of homes listed above 200k on the blog, and any of the homes listed here will probably not be affected.