In Temecula/Murrieta, I don’t see how anything can pick up in the spring. If anything, I think that those who couldn’t get out at the end on 06 are gonna re list and the already high inventory will blow even higher. There are sooo many homes for sale and rent here, its not even funny. When you consider all the new homes, resales, short sales, and foreclosures, there is sooo much to choose from. There wouldn’t be enough buyers to buy them all if people COULD afford these ridiculous prices, but no, they can’t.
Don’t puss out guys because the silly stock market looks like its doing well. You know the fundamentals and the history, and thats all that matters. This market is way overcooked. Don’t buy into like getting priced out of the market. People in the construction industry are loosing jobs. This is the beginning of the end of the worst credit bubble the world has EVER seen. Let the blind lead the blind, and laugh at us all day long, but its better up here on the fence, than it is on sinking ship.
