Business data point in Temecula

[Rt.66]

[quote=temeculaguy]And the horse you rode in on! Really, you sure you want to call me a chump? How many screen names do you have and do you really want to get another one?All I did was stick my neck out and make a prediction, one that I will gladly be ridiculed for over time if it turns out to be wrong. But I supported my argument with research, you told what only you consider is a funny joke.

250 REO’s is less than 2 months supply, who the fu$% cares. You have little to no clue about which you spew. Do not apply broad brush strokes and cliches to micro markets.

That 230k on main street works because it is 4x median income and 2x income for most of the shoppers. It doesn’t “seem” that everyone wants it, everyone does. I spent three years stalking a single zip code, I tracked every repo, every nod, every brown lawn. I know how many nods and nots there were six months ago, a year ago, two years ago and I followed them. A lot of inventory came out of the shadows here already, there are plenty of pending nod’s and not’s but compared to six months ago, a year ago, the speed and volume is slowing. There were more than 250 listings in every 100k price category last year, fromm 200k-300k, over 250, from 300k-400k, over 250, and so on. For three years I tracked every 100k category weekly and often the mls would notify me that there were more than 250, so I began grouping them into 75k chunks, now I can type “everything over 400k” and get less than a hundred. Over 350k and under 350k will cover the entire search, it used to take six groupings to capture the data.

Based on everything I see, not what some conspiracy knucklehead tells me but my own data searches that I and I alone have performed in a ritualistic fashion over years, I say the end of the pity party is near. I have street cred that I have earned over time, you do not, I have adoring fans, you do not, and I just looked in the mirror and I didn’t see a chump, did you?[/quote]

I did not single you out as a chump, hence the “s” on the end (chumpS). So unless you are plural, you can relax. However, if “you” believed someone holding thousands of houses when they told you that only putting a few on the market cannot DRASTICALLY increase housing prices then maybe? If you also believed that the coming wave of new REOs will not have an adverse affect on prices then the shoe fits?

I’ve had two screen names, Scarlet before RT.66. There is another Scarlett (2 Ts) so I changed it, no conspiracy about it.

The 250 number was random of course, but also for a area, like a hood, a few streets not all of TV. We all know that 250 is absurdly low for all of TV.

The banks are manipulating supply, everyone “should” know this. There is a tsunami of new preforeclosures and foreclosures on RealtyTrac right now, today. Again anybody can search this. If you buy a house in TV today because you believed someone who said inventory is low, you are indeed a chump.

We don’t have to argue about who’s facts or figures are more accurate. Anyone on this board can go hereand see for themselves:

http://www.realtytrac.com/MapSearch/MapSearch/MapSearch.aspx?CriteriaType=address&criteriaValue=Temecula,%20CA

And don’t forget that the shadow inventory houses are in ADDITION to that ugly picture from the link.

The banks love folks like you. Banks spew total BS, hide 80k houses in CA alone, stall foreclosures and instead of everyone collectively calling BULLSHIT! on them some folks who have skin in the game or need a commision buy it hook-line-and-sinker and perpetuate the BS.

TVGuy, post a RealtyTrac search of your vaulted zip code so we can see how good its doing?

Piggs need a voice of reason to counter the ultra cheerleaders. Most folks who buy today in TV will lose TENS OF THOUSAND$ that may never come back.

Look around you. Look at the foreclosures over the entire country. Ask yourself how banks are going to deal with this. Look at jobs and businesses closing all over. We have seen nothing since GD1 even close to the magnitude of what is happening now and its just getting started. You might want to think about the money people who listen to you will lose.

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[Coronita]

I’m starting to spot a trend…..I’ve been noticing a lot more people subscribing to things like realtytrac and foreclosure.com…Does anyone else think we’re probably close too hitting the bottom in some areas where when mainstream starts to subscribe realtytrac or foreclousure.com and starting to talk about how bad real estate purchases are in public?

It seems like it’s become the latest water cooler talk…In the mall, I run into folks all the time and overhear “did you check out how many foreclosures there are in realtytrac. I can’t believe anyone who would be able to buy in this market?” I’m not sure why suddenly there are so many walking barometers of the real estate health recently.

It’s just eerie how similar to years back cooler talk about who easy it was to make money in real estate….

[Coronita]

I’m starting to spot a trend…..I’ve been noticing a lot more people subscribing to things like realtytrac and foreclosure.com…Does anyone else think we’re probably close too hitting the bottom in some areas where when mainstream starts to subscribe realtytrac or foreclousure.com and starting to talk about how bad real estate purchases are in public?

It seems like it’s become the latest water cooler talk…In the mall, I run into folks all the time and overhear “did you check out how many foreclosures there are in realtytrac. I can’t believe anyone who would be able to buy in this market?” I’m not sure why suddenly there are so many walking barometers of the real estate health recently.

It’s just eerie how similar to years back cooler talk about who easy it was to make money in real estate….

[Coronita]

I’m starting to spot a trend…..I’ve been noticing a lot more people subscribing to things like realtytrac and foreclosure.com…Does anyone else think we’re probably close too hitting the bottom in some areas where when mainstream starts to subscribe realtytrac or foreclousure.com and starting to talk about how bad real estate purchases are in public?

It seems like it’s become the latest water cooler talk…In the mall, I run into folks all the time and overhear “did you check out how many foreclosures there are in realtytrac. I can’t believe anyone who would be able to buy in this market?” I’m not sure why suddenly there are so many walking barometers of the real estate health recently.

It’s just eerie how similar to years back cooler talk about who easy it was to make money in real estate….

[Coronita]

I’m starting to spot a trend…..I’ve been noticing a lot more people subscribing to things like realtytrac and foreclosure.com…Does anyone else think we’re probably close too hitting the bottom in some areas where when mainstream starts to subscribe realtytrac or foreclousure.com and starting to talk about how bad real estate purchases are in public?

It seems like it’s become the latest water cooler talk…In the mall, I run into folks all the time and overhear “did you check out how many foreclosures there are in realtytrac. I can’t believe anyone who would be able to buy in this market?” I’m not sure why suddenly there are so many walking barometers of the real estate health recently.

It’s just eerie how similar to years back cooler talk about who easy it was to make money in real estate….

[Coronita]

I’m starting to spot a trend…..I’ve been noticing a lot more people subscribing to things like realtytrac and foreclosure.com…Does anyone else think we’re probably close too hitting the bottom in some areas where when mainstream starts to subscribe realtytrac or foreclousure.com and starting to talk about how bad real estate purchases are in public?

It seems like it’s become the latest water cooler talk…In the mall, I run into folks all the time and overhear “did you check out how many foreclosures there are in realtytrac. I can’t believe anyone who would be able to buy in this market?” I’m not sure why suddenly there are so many walking barometers of the real estate health recently.

It’s just eerie how similar to years back cooler talk about who easy it was to make money in real estate….

[Bob]

I’ve been following the Temecula Valley market closely for over a year, and while I won’t predict a bottom, I would like to describe what I’ve seen in the last few months.

First, available inventory is much lower now than it was back in December or January. The reason for this is simple – the moratoriums put in place by Fannie/Freddie, the banks, as well as the state of California, reduced supply while record low interest rates increased demand. The pick up in sales isn’t just exclusive to TV, but to most of Southern California. As of March 31, the moratoriums have been temporarily lifted. We should see a significant increase in supply during May and June due to the backlog of foreclosures that didn’t get to market during the first quarter. But, and this is a BIG but, the Feds and Obama, as well as the Governor of California, have said they will use as much intervention as possible to prevent future foreclosures. In fact, the Obama administration is on record as supporting the “reinflation” of the housing market. Personally, I think this type of federal intervention is insanity, and will ultimately end up costing the taxpayers even more in the form of hyper-inflation and the devaluation of the dollar, but thats a subject for a different time.

What does all this mean for Temecula prices ? And has TV hit bottom ?

Well, one thing the reduced supply has caused during the last few months is multiple offer bidding wars on the good properties. At a 4.5% interest rate, many more people can qualify for a loan now than back in 2008 when rates were around 6%. But here’s the catch…the Feds have indirectly brought down mortgage rates due to Bernanke’s decision to purchase over a trillion dollars of US treasuries. As the stock market improves, investors will take money out of the safety of US treasuries and put it into the stock market once again. In fact, that is already happening. As a result, the bond market will suffer, which means mortgage rates will go back up. As rates go up, fewer people will qualify for loans, which will result in a drop in demand for real estate.

So, if you really want to get a closer idea as to when the bottom will hit in Temecula, watch for a few things. Federal or state mandated foreclosure moratoriums – interest rates – and prices in Northern San Diego County. A year ago you couldn’t find a decent property in northern San Diego County for under 400K, while in Temecula there were literally hundreds on the market on any given day. But in the past six months prices have dropped significantly in North County, where you now can find a decent home in the 300K-350K range. Many people purchase in Temecula because it has been far more affordable – but the gap has narrowed in the last six months. The point is, Temecula Valley won’t reach bottom until AFTER northern San Diego county first reaches its own bottom – and that has yet to happen.

[Bob]

I’ve been following the Temecula Valley market closely for over a year, and while I won’t predict a bottom, I would like to describe what I’ve seen in the last few months.

First, available inventory is much lower now than it was back in December or January. The reason for this is simple – the moratoriums put in place by Fannie/Freddie, the banks, as well as the state of California, reduced supply while record low interest rates increased demand. The pick up in sales isn’t just exclusive to TV, but to most of Southern California. As of March 31, the moratoriums have been temporarily lifted. We should see a significant increase in supply during May and June due to the backlog of foreclosures that didn’t get to market during the first quarter. But, and this is a BIG but, the Feds and Obama, as well as the Governor of California, have said they will use as much intervention as possible to prevent future foreclosures. In fact, the Obama administration is on record as supporting the “reinflation” of the housing market. Personally, I think this type of federal intervention is insanity, and will ultimately end up costing the taxpayers even more in the form of hyper-inflation and the devaluation of the dollar, but thats a subject for a different time.

What does all this mean for Temecula prices ? And has TV hit bottom ?

Well, one thing the reduced supply has caused during the last few months is multiple offer bidding wars on the good properties. At a 4.5% interest rate, many more people can qualify for a loan now than back in 2008 when rates were around 6%. But here’s the catch…the Feds have indirectly brought down mortgage rates due to Bernanke’s decision to purchase over a trillion dollars of US treasuries. As the stock market improves, investors will take money out of the safety of US treasuries and put it into the stock market once again. In fact, that is already happening. As a result, the bond market will suffer, which means mortgage rates will go back up. As rates go up, fewer people will qualify for loans, which will result in a drop in demand for real estate.

So, if you really want to get a closer idea as to when the bottom will hit in Temecula, watch for a few things. Federal or state mandated foreclosure moratoriums – interest rates – and prices in Northern San Diego County. A year ago you couldn’t find a decent property in northern San Diego County for under 400K, while in Temecula there were literally hundreds on the market on any given day. But in the past six months prices have dropped significantly in North County, where you now can find a decent home in the 300K-350K range. Many people purchase in Temecula because it has been far more affordable – but the gap has narrowed in the last six months. The point is, Temecula Valley won’t reach bottom until AFTER northern San Diego county first reaches its own bottom – and that has yet to happen.

[Bob]

I’ve been following the Temecula Valley market closely for over a year, and while I won’t predict a bottom, I would like to describe what I’ve seen in the last few months.

First, available inventory is much lower now than it was back in December or January. The reason for this is simple – the moratoriums put in place by Fannie/Freddie, the banks, as well as the state of California, reduced supply while record low interest rates increased demand. The pick up in sales isn’t just exclusive to TV, but to most of Southern California. As of March 31, the moratoriums have been temporarily lifted. We should see a significant increase in supply during May and June due to the backlog of foreclosures that didn’t get to market during the first quarter. But, and this is a BIG but, the Feds and Obama, as well as the Governor of California, have said they will use as much intervention as possible to prevent future foreclosures. In fact, the Obama administration is on record as supporting the “reinflation” of the housing market. Personally, I think this type of federal intervention is insanity, and will ultimately end up costing the taxpayers even more in the form of hyper-inflation and the devaluation of the dollar, but thats a subject for a different time.

What does all this mean for Temecula prices ? And has TV hit bottom ?

Well, one thing the reduced supply has caused during the last few months is multiple offer bidding wars on the good properties. At a 4.5% interest rate, many more people can qualify for a loan now than back in 2008 when rates were around 6%. But here’s the catch…the Feds have indirectly brought down mortgage rates due to Bernanke’s decision to purchase over a trillion dollars of US treasuries. As the stock market improves, investors will take money out of the safety of US treasuries and put it into the stock market once again. In fact, that is already happening. As a result, the bond market will suffer, which means mortgage rates will go back up. As rates go up, fewer people will qualify for loans, which will result in a drop in demand for real estate.

So, if you really want to get a closer idea as to when the bottom will hit in Temecula, watch for a few things. Federal or state mandated foreclosure moratoriums – interest rates – and prices in Northern San Diego County. A year ago you couldn’t find a decent property in northern San Diego County for under 400K, while in Temecula there were literally hundreds on the market on any given day. But in the past six months prices have dropped significantly in North County, where you now can find a decent home in the 300K-350K range. Many people purchase in Temecula because it has been far more affordable – but the gap has narrowed in the last six months. The point is, Temecula Valley won’t reach bottom until AFTER northern San Diego county first reaches its own bottom – and that has yet to happen.

[Bob]

I’ve been following the Temecula Valley market closely for over a year, and while I won’t predict a bottom, I would like to describe what I’ve seen in the last few months.

First, available inventory is much lower now than it was back in December or January. The reason for this is simple – the moratoriums put in place by Fannie/Freddie, the banks, as well as the state of California, reduced supply while record low interest rates increased demand. The pick up in sales isn’t just exclusive to TV, but to most of Southern California. As of March 31, the moratoriums have been temporarily lifted. We should see a significant increase in supply during May and June due to the backlog of foreclosures that didn’t get to market during the first quarter. But, and this is a BIG but, the Feds and Obama, as well as the Governor of California, have said they will use as much intervention as possible to prevent future foreclosures. In fact, the Obama administration is on record as supporting the “reinflation” of the housing market. Personally, I think this type of federal intervention is insanity, and will ultimately end up costing the taxpayers even more in the form of hyper-inflation and the devaluation of the dollar, but thats a subject for a different time.

What does all this mean for Temecula prices ? And has TV hit bottom ?

Well, one thing the reduced supply has caused during the last few months is multiple offer bidding wars on the good properties. At a 4.5% interest rate, many more people can qualify for a loan now than back in 2008 when rates were around 6%. But here’s the catch…the Feds have indirectly brought down mortgage rates due to Bernanke’s decision to purchase over a trillion dollars of US treasuries. As the stock market improves, investors will take money out of the safety of US treasuries and put it into the stock market once again. In fact, that is already happening. As a result, the bond market will suffer, which means mortgage rates will go back up. As rates go up, fewer people will qualify for loans, which will result in a drop in demand for real estate.

So, if you really want to get a closer idea as to when the bottom will hit in Temecula, watch for a few things. Federal or state mandated foreclosure moratoriums – interest rates – and prices in Northern San Diego County. A year ago you couldn’t find a decent property in northern San Diego County for under 400K, while in Temecula there were literally hundreds on the market on any given day. But in the past six months prices have dropped significantly in North County, where you now can find a decent home in the 300K-350K range. Many people purchase in Temecula because it has been far more affordable – but the gap has narrowed in the last six months. The point is, Temecula Valley won’t reach bottom until AFTER northern San Diego county first reaches its own bottom – and that has yet to happen.

[Author]

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