I was speaking to a friend who works in the real estate side of banking and he informed me that the shortage was partly due to the foreclosure protection curren

I was speaking to a friend who works in the real estate side of banking and he informed me that the shortage was partly due to the foreclosure protection currently in place. He said that once that's lifted, a LOT of resident real estate will be entering the market. In short, if you own now and are thinking about selling in the next 6 to 12 months, sell sooner rather than later.