Archive for July, 2010

The rich do it too – Los Angeles County and million dollar distressed properties. 1,947 homes in L.A. County valued at $1 million or more are three payments behind or in foreclosure. Beverly Hills prices down 31 percent from one year ago. 14 out 100 homes on the MLS are priced at $1 million and up.


Frankenstein real estate market – $3.5 trillion in commercial real estate debt and $10.3 trillion in residential real estate debt. Will we reach a 50 percent underwater market where 25 million Americans sit in homes worth less than their mortgage?


Southern California housing largely in a housing bubble – California CPI up 31 percent for the decade home prices in SoCal up 45 percent. Los Angeles County up 72 percent and Orange County up 63 percent.


Double dip economy – Housing entering troubling waters. Nationwide economic and housing data points to challenges ahead. 5 charts showing a difficult second half of 2010.


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