paramount, you must be living in a different town than I am. The home price is still higher than 2008-2009 although it starts to have some competitive pricing. But there are lots of traffic for any home that is competitively priced. Inventory for investment-grade home is almost non-existent. Multiple offers above the list price is common for other homes.
New homes are also selling but I don’t know how it compared to before because I am never interested in that category. But construction is happening. At Home Depot and Lowes, however, I have yet to see any significant traffic increase.
The steakhouses in Temecula now has very long lines over the weekend. The line used to be non-existent in the last few years (the long lines were common in bubble years as well). I don’t know what caused it, but it seems that people just become very bullish about the economy in the last few months. My neighbor (who I suspect is not paying their mortgage) just bought a new car. And dealership would not negotiate or price-match on price anymore (2 years ago, when I bought my last car, they are very cooperative in pricing). 3 years ago, they were making insane price cuts to get off their inventory.[/quote]
Check Zillow for 92592…[/quote]
I recently joined the home debtor club, purchasing in 92592 in the second half of last year. The house is new construction and the builder is nearly complete with the project. There are only about eight lots left to build on. People move in right away.
The neighboring builder seems to be moving along at a pretty good clip also.
At the time of our purchase incentives were minimal and the same is being offered today.
