The lower and more inland end is still foreclosing at a rapid rate, although many speculators/buyers have jumped in lately. What does this portend for the coastal areas whose pricing has barely budged, and whose truly exotic loans will be resetting for the next two years? Guess. I don’t believe that the massive federal government intervention programs can save the higher end areas, though many would like to believe so.
Just a few months back, the interesting discussions on this board were starting to look like endangered species. Oh how things have changed.
