Nov 24 2008
When Will the Bailouts Stop? When the Housing Market hits Rock Bottom Prices.
This weekend it was announced that the ailing Citigroup would receive additional support from the U.S. government. The initial leaks didn’t appear to be all that fantastic with another typical injection of $20 billion in capital infusions via the U.S. Treasury. The more troubling item is the U.S. government will now be backing a toxic […]
Nov 18 2008
Southern California Home Prices at a 67 Month Low: Sales Jump Unseasonably due to Major Price Cuts.
The recent data for the Southern California housing market was released today. A pattern is starting to emerge. Low price homes are helping to increase sales and lower priced areas are also pulling the median price down for the entire region. This is symbolic of the drastic price reduction we have witnessed over the past […]
