Guys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.