[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]
Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.
