I access the MLS through here http://www.sharonmorrow.com/f-properties.html
I spent a full day going to KB homes and all the other new areas around Murrieta and found a huge resemblance to Moreno Valley back in the 90’s. If there is a down shift in the market, I would believe the market to be worse in that area over Carlsbad hands down. The amount of homes in that area is huge and people are begging in their listings (free TV, pay closing cost, plz buy my over priced home), I scroll through the listings just for that.