Thanks to daytrip for sending in this article about banks foreclosing on 11% more homes in May than in April:

http://www.usatoday.com/story/money/business/2013/06/13/foreclosure-home-price-inventory/2415831/

They haven’t got the memo yet in San Diego though – there was a 6.6% drop in new filings, month-over-month:

How is the “distressed” market, compared to previous years?

Here are the number of listings of SD County attached and detached homes from Jan 1 to May 31:

The REO listings are down 64%, and short-sale listings have dropped 53%, compared to last year.  The banks are doing everything they can to keep people in their homes, so the “distressed” markets should quiet down further.