I was watching CNBC this morning when this news story broke.

If you add the number of homeowners who are behind on their mortgages to the number of homes that are in foreclosure you will get a number that is greater than than the number of homes on that are currently active on the market!

The bad news: That logic says that we are heading for a big wave of new inventory of bank owned homes.

The good news: I have a pipeline FULL of buyers that are ready, willing and able to scoop up those homes when they hit the market.

I wish we didn’t have to see the bad news happen before the good news could happen.

That’s my opinion.