The interesting thing is , there are starting to be New Homes and Condo’s priced less than the Foreclosures on the market in some area’s (not SD as much just yet but in SCV and some riverside area’s).
But people still hear the word foreclosure and think they are getting a steal or something (interesting).
It will take awhile before the housing Mania subsides.
Seems the Builders are leading the price decline, I guess you got to Move inventory to EAT,