Check out the number of homes on the market out in the desert area alone. Use any service you want and you’ll find a huge inventory. Plus they are still building in a few areas that were already committed to and couldn’t pull out of. It’s the same in the mountain resorts and elsewhere. So many people who bought “second” homes are coming to the realization that they are going to be sunk if they don’t dump something soon. I’ve seen a number of “make an offer I’m getting desperate” ads already that it makes me wonder what things will look like in the fall.
