It seems to me like this makes sense in retrospect...more homes cheaper = more buyers... Providing Riverside Real Estate services http://www.theriversidehomesource.com

There is definately an upside, but it doesn't mean that it's easier for home owners, or new home buyers, as there is far less credit available to use. Newport Coast Real Estate

It is much more difficult to get credit in certain cases, but many of those people who don't get the loans now, really shouldn't have them in the first place. West Hills Real Estate and Calabasas Homes for Sale

I agree James, there are more buyers entering the market, even though there is less credit, less is needed because home prices are much closer to what they should be compared to the rest of the nation. California just got ballooned out of control for several years, and it couldn't possibly continue. Hopefully, we'll see a turn around before things go too much further south. La Quinta Real Estate and Community Information