Blame the real estate bubble on California and New York. Why the housing bubble centered around 4 states and spread across the nation. The Southwest and Florida sunshine real estate infatuation. 45 percent of foreclosure filings come from 4 states.
When we hear about the foreclosure crisis we tend to paint with a very broad real estate brush. Without a doubt the housing bubble bursting is rippling throughout the country. Yet to assume all states are being impacted equally is absolutely incorrect yet mainstream media analysis usually talks about the “foreclosure crisis†as if it […]
The growing condo shadow inventory – CityCenter in Las Vegas and Lexington Park in Chicago. The shadow inventory that is crushing commercial real estate.
There is a massive amount of vacant inventory sitting across the United States. A good portion of this is viewable to the public but a large amount of this inventory is simply hidden from data scrutiny. Last week we talked about the commercial real estate bust coming to the most expensive region in California of […]
The great American debt purge – Americans more stressed out about debt. Mortgage, credit card, student loan, and auto loan debt up to $13.5 trillion. Average debt per household at over $120,000.
Every man, woman, and child would owe an average of $43,000 if we divided up mortgage, credit card, student, and auto debt in the United States. Of course, this is based on the current population of 309 million. But we know this isn’t exactly accurate since an infant really didn’t charge up a credit card […]
Most over valued region in San Francisco gets a taste of the commercial real estate bust. $3 trillion in loans starting to implode at a faster rate. Why commercial real estate will plunge FDIC insured banks into closure. Bought for $415,000 per apartment unit.
The commercial real estate bust is in full swing. This $3 trillion mortgage market is standing to push hundreds of banks into failure and adding additional strain to the embattled FDIC. Commercial real estate (CRE) is a good indicator of where things are heading economically because it is a reflection of what revenues are being […]