Why are there so few homes available

I see very few homes for sale where my buyers normally buy.
  • West of Union city blvd associated with Delaine Eastin Elementary
  • Fremont's Ardenwood, Parkmont, Glenmoor, and Mission San Jose Neighborhoods

Why - my hypothesis is sellers are holding off listing because they're waiting for pricing to improve, secondly there was also a moratorium placed on foreclosures in Nov 2008.

Where approaching the time of the year when most transactions take place Mar - July. I expect those who've been waiting to start coming out and those foreclosures that had been delayed by the moratorium, will be coming back with a force soon. You can't prevent the inevitable. If a person can't make the payments, then eventually it gets foreclosed.