Right now there is strong demand for san diego real estate and limited inventory of homes under 600,000. 
It will be interesting to see if these promised foreclosures drive down prices. 

REALTOR® Magazine-Daily News-Another Rash of Foreclosures Coming Soon

Another Rash of Foreclosures Coming Soon
Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages.

Rising foreclosures will further depress home values, says Mark Zandi of Moody’s Economy.com, who calculates that 15.4 million home owners—one in five of those with first mortgages—will be underwater.

To find out if the real estate market has stabilized.