It all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
