Feb 2 2011

Phoenix real estate market being held up by all cash buyers – 47 percent of Phoenix sales were from all cash buyers in December. The $1 priced Detroit home.

The Phoenix real estate market has collapsed after reaching a price apex in 2006.  It is hard to imagine another market with similar real estate fundamentals but Las Vegas is a mirror image of foreclosure ridden Phoenix.  These desert cities rose up during the housing bubble with plentiful and cheap land to expand on.  Builders […]

Mar 20 2010

3 Underground Real Estate Practices Moving the Market – Short Sale Fraud, Squatter Stimulus, and Buying Before Foreclosing.

In the early days of the housing bubble here in California and other bubble states a handful of people were raising alarm bells that mortgage fraud was occurring at unprecedented levels.  The housing industry initially came out skeptically stating this was only a handful of wayward people. As it turns out, it was the vast […]

Dec 17 2009

The Commercial Real Estate Default Wave is Here: Commercial Mortgage Defaults Now at 16 Year High. 3.4 Percent of all Commercial Real Estate Loans in Default.

What has been lost in the housing talk recovery is the grim statistics that commercial real estate has fallen 37 percent in value in the last year.  This wouldn’t be such a big problem aside from the tiny detail that some $3 trillion in commercial real estate loans are still outstanding.  The commercial real estate […]

Jul 19 2009

Negative Equity Nation for 1 out of 5 Homeowners: The Psychology of the 10 Million American Homeowners with Zero Equity.

Recent data suggests that the number one factor for walking away from a home is negative equity.  For us to understand this dynamic, it is important to understand why someone would leave a home with a mortgage.  According to the U.S. Census Bureau some 51.6 million owner occupied homes have a mortgage.  This is data […]

Jul 9 2009

Housing and Banking Deception: 23,000 to 28,000 Foreclosed Homes kept off the MLS or Public View in California each Month.

The math in California housing simply does not add up.  Given the amount of sales and monthly foreclosures over the past few months, it would appear that banks are sitting back while a gigantic backlog of foreclosures grows.  A few in the media are calling attention to this obvious fraud but not many.  The California […]

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