Miami condo market acting as if it is 2007: Condo market in Miami is saturated with units and inventory is growing.
There is a major leading indicator in the housing market and that involves inventory and sales. These two economic points can signal trouble ahead. And we saw this trend unfold in the last housing crisis when over euphoric builders chased bubbles across the country. The sad part is that most Americans are too broke to […]
The housing documents mess – Why banks are carelessly rushing foreclosures in Florida and not in California. Mortgage foreclosure deficiency judgments.
In the last few weeks the issue has come to the table that in some states, in particular Florida, banks are rushing through the foreclosure process so quickly that they have mismanaged the paperwork process. Apparently the same forged paperwork that got people with very little income into highly leveraged properties is now working in […]
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 […]