I drove around Temecula today looking at open houses; what I learned is that there is a buying frenzy going on around Temecula.

Multiple offers on almost any house in foreclosure.

The bidding wars are back again – will this crap ever end?

Market fundamentals have not returned.

The realtors made big $$ on the way up, now they are making big $$ on the way down. They can’t loose.