California Home Prices: SoCal Down 27 Percent Year over Year.
The California housing market continues to face severe pressure from distressed properties. Currently the amount of inventory on the market is near 1 year and prices for the region have fallen a stunning 27 percent on a year over year basis. Each of the major counties are now down $100,000+ from their bubble peaks. About […]
Credit Crisis: $390 Billion in Writedowns so Far. The Epic Housing Bubble Explained.
The Washington Post has an excellent three part series that will be highlighting the epic in progress housing bubble. For those of you who are still uncertain how this entire jigsaw puzzle comes together, this resource will prove to be invaluable. You have to wonder how the entire economy has become so dependent on structured […]
NAR: How a 4% Quarterly Gain was Really a 30 % Drop. The New Housing Math.
You would think that someone would double check their own data given the situation in the housing market before reporting a statewide gain. You would assume that an organization that is the de facto standard bearer for Realtors would make sure that data accuracy would be the pinnacle of their mission.  This is not the […]
Buy a Home to Bail on Your Current Home. New Face of Foreclosures.
You’d be surprised what is going on in the current housing market. Many people are now trying a new technique by bailing out on their current home in order to purchase a new home while their credit is good. If you do the math, it would make sense at least from the buyer/seller perspective. Say […]