Are more distressed properties rearing their ugly heads again?

[John Arendsen]

Is it my imagination or are there really more distressed properties rearing their ugly heads once again in the San Diego market?

Could it possibly be time once again to start reving up the short sale and foreclosure fix and flip and buy and hold engine again?

I've been noticing some price reductions and a faint increase in foreclosure and short sale activity lately. In fact I've just bid on two of them and I'm about ready to bid on a couple more.

But yet to hear most RE professionals talk you'd think we're still in a sellers market buying frenzy. Kinda reminds me of the ole Mike Ferry Days whence when someone asked a RE Pro how biz was they would always reply F A N T A S T I C!!!

Is it time to start really leveling the playing field?