Foreclosures in the California Inland Empire; Where ARE they??

Foreclosures in the California Inland Empire; Where ARE they??  I'm out here every single day, slugging it out, trying to find homes within a certain price point, in a certain location.  Buyers from out of town, are reading about all the Foreclosures in the Coachella Valley..La Quinta, Palm Desert, Indio, and when I struggle to find enough properties to show them, they cannot believe it!  This past year has changed dramatically in the desert.  We are a resort town for many, and a year round home for even more, so we have several demanding buyers markets. 

The reality is this..homes in the very low end have been stabilized for the past 12 months with more Buyers than Sellers, which are usually banks or Short Sales.  Investors with lots of cash have been cruising the desert's lowest priced developments the entire time, and are now finding less properties to choose between.  This is a good thing!  Even with more Foreclosures predicted in the desert, the pent up Buyer demand will move the low end homes that the banks release. 

I have also noticed a settling of the mid to high (up to $1,000,000) homes, especially in golf course communities.  A year ago, I didn't think they were a particularly good investment..now I do.  You can now purchase a gorgeous, 2004 or newer, 3/3ba on the fairway with a pool/spa for less than $500,000.  This is about .60cents/on the original dollar which was what got the bottom priced homes moving.  This market is the one that many buyers have been waiting for, and they are now making their moves.  Again, there is a shortage of REO's, and when one appears, it is snapped up or generates multiple offers.