Archive for July, 2012

Revisiting a friendly bubble in Culver City – A median home price of $680,000 and typical household income of $66,000. An example of a $300,000 pending price cut and the hidden impact of home equity loans.

The crash diet of California home buying – You cannot purchase a $226,000 starter home on a $33,000 income and state this is affordable. The twisted definition of affordability.

The twin lost decades in housing and stocks – baby boomers selling homes to a less affluent young American population. The impact of baby boomers on the housing market.

FHA bailout inches closer – FHA defaults surge 26 percent while upping mortgage insurance premiums to make loans more expensive. Foreclosure starts outnumber foreclosure sales 3 to 1.

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