I'll be visiting shortly - looking at taking an attractive role in the city. We'd rent for 6-12 months, but just searching the net, it appears real estate is still very overpriced. Is the area THAT attractive? I've lived in Hawaii, so it is hard to imagine Newport Beach is comparable, yet real estate prices/rentals appear approximately on par. And the market is difficult to read given recent volatility in prices. Should I be able to find a good deal once I am there on the ground? Are all the foreclosures sitting empty or hitting the rental market? What am I missing? Thoughts on moving a young family to Newport Beach most appreciated. Particularly any thoughts on area schools are most appreciated.