Sat. Mar 7th, 2026

Another installment from Jim the Realtor, showing “euphoric” demand for high-end REO housing in north San Diego beach communities:

[youtube=http://www.youtube.com/watch?v=p5BX1hEUVrg&hl=en&fs=1&]

Relatedly, Jim has an interesting post about shadow inventory using Carmel, Calif., as a test case.

No one disputes that an enormous number of foreclosures are in the pipeline. (One recent report put the number at 7 million.) It remains to be seen, however, whether these foreclosures abruptly flood the market (causing a crash in prices) or trickle out over a period of years.

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