Archive for October, 2010

Orange County housing daydreaming – Home prices in Orange County to increase by approximately 50 percent by 2016 according to UCLA. Why that forecast will not come to pass and other delusions of bubble markets.


Who will buy the homes of tomorrow? 2010 highest average monthly foreclosure filings on record. 330,000 average monthly foreclosure filings in the United States. Student loans and stagnant job growth will create anemic prospects for housing.


Real Homes of Genius – Seal Beach home from a price listing of $2,900,000 to selling for $900,000. Chasing the housing market down.


13 of the most overpriced Los Angeles County zip codes. Housing correction shaving off $300,000 in one year for some elite zip codes. From Encino to Culver City.


American housing too expensive and the multi-income trap will not save the housing market. Banks have laundered their bad bets through the Federal Reserve and GSEs while working and middle class income has eroded.


Real Homes of Genius – Banks listing foreclosures at 30 percent off peak prices. From a $1.5 million home to a $630,000 home. Huntington Beach faces major price corrections.


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