Archive for June, 2010

800,000 mortgages in California are 30+ days late or in foreclosure. Only 132,000 show up in the MLS. Why there will be no housing bottom for California until at least 2012.


5 housing and financial stories showing profound weakness in the economy: new home sales break past record low dating back to 1963, prisoners using home buyer tax credit, SoCal inventory spiking, U.S. dollar multi-decade slide, and Fannie Mae cracking down on strategic default.


Real Homes of Genius: Culver City home for sale at $925,000 or available for rent at $3,795. The distorted Los Angeles housing metrics point to further price adjustments.


Three reasons why you should be happy about renting in California: Glut of rental housing, mobility, and hedge against future price drops.


21,000 Los Angeles MLS homes versus 58,000 distressed properties. Southern California multi-million dollar CRE default. Retail spending up because rich are bored with the financial crisis.


By Month:



By Category:

© 2014 Dr. Housing Bubble