The housing market here in the Irvine/Tustin area is clearly headed for a downfall. We have several properties on our street that have been sitting on the market for months. The number of foreclosures are at a record high and increasing monthly. On the weekends when we drive around, the “bank repo” signs are out and we are hearing of more and more distress among neighbors who have used their house as an ATM machine for the past several years.
I have been following this blog for the past couple of months from an Irvine resident and probably a realtor. It is a good read and will give you a good idea of what is going on in Tustin. Click here: Irvine Housing Blog.