Industry NewsMarkets & Economy

‘Plucky’ buyers moving to SoCal suburbs

From Curbed.com blog
Published on Aug 25, 2009

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by CareyBot

Back in September 2008, right about the time when the financial markets were really starting to get scary, the real estate stories were about bobcats moving into a foreclosed home in suburban Southern California.

This past weekend, the New York Times ran a real estate story about plucky buyers moving into foreclosed homes, a piece that looked at eight houses on one cul-de-sac in Moreno Valley in the Inland Empire (a neighborhood about 60 miles from Los Angeles). Among other things, the story shows the tension between those still living on the street and those families moving in to take advantage of the prices of the foreclosed homes (three of the eight homes have been sold).

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