People are sick of the high prices in California.https://qz.com/1599150/californias-population-could-start-shrinking-very-soon/"Where are people going?

Are jobs and population growing or shrinking and why. 

The towns are shrinking and rather than let the house fall apart, people will just let other people stay in them just to keep it up. 

[No coverage for] Water below the surface of the ground including that which exerts pressure on or flows, seeps orleaks through sidewalks, driveways, foundations, walls, basement or other floors, or though doors,windows, or any other opening in such sidewalks, driveways, foundations, walls or floors;...Wear and tear; marring; deterioration; inherent vice; latent defect; mechanical breakdown; rust; mold;wet or dry rot; contamination; smog; smoke from agricultural smudging or industrial operations; settling,cracking, shrinking, bulging, or expansion of pavements, patios, foundations, walls, floors, roofs orceilings; birds, vermin, rodents, insects or domestic animals.

Both Cleveland and Detroit have shrinking populations.

On the flip side, you'll pay a prepayment penalty (yield maintenance) to exit early or the note will have to be assumed (which shrinks the buyer pool). 

As is Kansas City, Oklahoma City and many others in the Midwest as well as the Southeast are the best for cash flow IMO (just make sure the crime rates aren't out of control and the city isn't shrinking). 

Setting up google alerts for your local market helps you stay on top of things.http://www.tampabay.com/news/business/realestate/home-sales-in-tampa-bay-and-florida-show-down-as-inventory-shrinks/2255091

@Elizabeth ColegroveActually I think it has to do more with the qualified buyers pools which seem to be shrinking in North County Coastal San Diego most recently.

Just because this is an off market property dose not mean you shrink on du diligence.