Yes 4S RANCH REO is way high and most of buyers these days are Second time home buyers like who already can pay or already earned enough on the first home sellers. Apart from this few are there and they have enough cash in the hands they don’t care the current on going trend – but now they also start considering these facts.
Whatever these facts but we really haven’t seen any significant hit on SD housing so far. There could be just overall 10 to 13% drop even that is really some unwanted areas. Still at 4S the apartments and condominiums(1480SFT) new constructions are asking mid to hi 400K figures.
