Why Aren’t Sellers Selling?Several factors are driving the inventory drought which is dramatically changing housing markets, especially for properties under $200,000 in Western markets.  HousingWire reported yesterday, for example, that Phoenix short sale prices rose 23 percent in June from last year, while foreclosures were up 36 percent and non-distress sales up 11 percent.Nationwide the drought helped push the average home sales-to-listing price ratio to 95.6 percent in June, according to … [Read more...]