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Has Moreno Valley, hit bottom yet?

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October 01 - Moreno Valley
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The answerer to that is no. We do have an issue with supply and demand now because of the banks holding on to properties and home owners trying for Loan Modifications. Spencer's graph from Zilliow is a good indicator BUT it is based on limited data. Unemployment is over 14%, defaults will rise and REO will multiply substantially as well as short sales. The buyer's credit will most likely be extended. If you want more data, please email me (it's in my profile) and I send you to a site that offers FREE Market Trend Snapshots. The data is more complete (comes form MLS & Realtor.com)

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October 01
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October 01
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Here's Zillow data on Moreno Valley home values

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October 01
 

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