kev, you and I know that’s not “real”, in the sense that you or I cannot now buy a half-decent 1200sq ft condo in LN for $140K.
I am surprised to see fewer really good deals (relatively) in So OC in the last month. I’ve stopped looking, because the pickings are so slim. Are you seeing the same, kev?
At this point, I’ve concluded that even the banks with REOs are banking on a spring bounce, or maybe a bailout, and are holding out for higher prices than the few (relatively) good deals I saw in early January. I only check new listings maybe once a week now, instead of daily in the first half of January.
