RE:Lots of reasonably priced houses coming to the market I can agree that one one or two dozen houses may come to the local market but certainly not lots and lots of it...
Only one household out of 4,182 households seemed to be affected by a foreclosure in February, 2023 in CA. That leaves 14,325,113 houses unaffected.
https://www.sofi.com/learn/content/foreclosure-rates-for-50-states/ The foreclosure percentage in CA is only 0,02%, therefore I disagree with your statement that "Lots of reasonably priced houses coming to the market".