Sales increased in North San Diego County  in June from the month before in Single Family Dwellings, and attached units.

Sales prices also increased in that same period.

(Those good comments are not so for homes outside North County.)

The problems appear to still be with Lenders. Yes, the Stimulus was supposed to free up that money, but the Lenders seem to feel that it is better to bloat their own bottom line, first.

Buyers with cash, or well-arranged previous monetary arrangements with Lenders are in the best shape in this market. Obviously, this is where investors have an advantage – they have part of their portfolio in liquid assets. Private Buyers must make their arrangements well in advance and make certain those arrangements are bullet-proof before they jump in the market.

Cash, or something near that standard, is king.