I’ll say this much: things have gotten very busy at open houses just in the past few weeks. This is in the North County area (Carlsbad, Encinitas, Escondido, and Olivenhain, in particular).
We’re seeing traffic like it was 2004/2005 again. When we pull up to an open house, two or three cars (or more!) are pulling up behind us. A number of families with kids and heard a few people asking the agents about REOs because they wanted to buy more “investment” properties. VERY busy, and even the realtors seem to be taken by surprise.
It will be interesting to see if anything actually goes through and for what price, but there is definitely some activity right now. Hope it’s short and shallow. We’ll see…
