Becky-

A couple of reasons why this appears to be true:

First, historically Pine Grove and Pioneer have been lower priced for real estate than Jackson or Sutter Creek areas, so people that aren't as financially established might have done the no down payment loans that are now adjusting.

Also, because Pine Grove and Pioneer are nearer to the ski resorts and other recreation, they are 2nd home areas. People like that "cabiney" feeling of the homes in the pines. Being that someone has bought a 2nd home, when they get into financial difficulty, they will let the 2nd home go before they will let their primary residence go into foreclosure.

I hope this helps. If you are looking to buy in that area, I would be glad to help you find something because there are a lot of great deals right now and more coming soon!