Josh – Other SD Realtor here. I am seeing the same thing in certain zip codes and quite frankly agree with sdrealtors assessment. I cannot comment on the means with which people are coming up with the money to buy the homes. However nicer homes in more middle and upper middle class neighborhoods are moving. The I15 corridor, Scripps Ranch, north county coastal. The active/pending ratios are definitely swinging back to a more favorable market for sellers. Yes the NOD and foreclosure rates are definitely screaming upward but not enough to affect the overall market…yet… Let’s see what the ratios look like in July and August.
