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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: damainman who wrote (233780)12/20/2009 12:24:17 AM
From: Peter VRead Replies (1) of 306849
 
Here is your key phrase:

"It's not the supply side of the market that we should be focusing on anymore," Husing said. "Demand has taken off because affordability, at least in the inland region, is at record levels."

The Inland Empire of LA has become affordable again, because it completely cratered.

In contrast, out in the more desirable 'burbs of the Conejo Valley, you won't find much of anything under $500K, and better midrange homes are north of $700K. Not much foreclosure action here, either.
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