......San Bernardino and Riverside counties are the epicenter of the ongoing foreclosure crisis in Southern California. Nevertheless, McGuff said that there remains interest, if not overwhelming demand, for new homes, even from people who have foreclosure on their record. The key is offering them something that they can afford and that meets their needs.
Richard Green, director of the USC Lusk Center for Real Estate, agreed.
"These large home builders are not dumb people. They do look hard at a market and where they can have a product that meets what the market is demanding," Green said. "What that used to be, unfortunately, thanks to adjustable-rate mortgages, were houses that people couldn't afford."
To view the full article, please visit the link below.