Based on what I’m seeing, your gut feeling is absolutely correct.
I’ve been watching certain areas in SD County and LA County for many, many years. It’s subtle, but there has been a shift, IMHO.
It looks like there’s been a pretty big change in the parts of LA that I’m watching, as well as some parts of San Diego (more visible and drastic in LA at the moment, but it does seem to be happening here as well).
I’ve also heard the same from some people in other parts of the country.
Been on the double-dip bandwagon since the beginning, and think it’s about to begin. It looks like the market is getting very top-heavy and is about to compact everything below it.
