Slightly off topic, but I still follow low end Riverside inventory (<$175k, SFR only, no short sales or under contract) on Redfin, and it's on the upswing recently, after falling almost constantly for the seven months I've been tracking it. It's still less than a quarter what it was when I started (83 today vs. 336 on 4/1 when I started), but up from the low of 64 on 10/20. More houses are coming on the market, basically all either REOs or people flipping previously purchased REOs-almost no organic sellers (with prices 60-70% off peak in most cases, not surprising). I don't bother to track short sales as I consider them mostly fictitious.