Archive for the 'alt-a' Category

A mortgage with every college graduation – Student debt to stifle home buying prospects of younger Americans – In 2000 student debt made up 2 percent of all household debt. Today student debt is up to 7 percent of all household debt and growing.


The housing confidence game – West takes major hit in housing prices in the last 12 month period. More aggressive pricing of distressed inventory through REOs and short sales.


Judgment day for housing shadow inventory already here – Foreclosure inventories reach an all-time high. FHA and GSE loans only game in town.


Chasing the market lower syndrome or how to lose $176,000 in seven months – Case Shiller hits a new post-bubble bottom – Finding the bottom in home prices in California. Woodland Hills has 483 properties in the shadow inventory while 200 non-distressed properties are for sale.


The oxymoron of Southern California real estate – Two of the most affordable counties in the state are here in Southern California? Acknowledging that household income is the most important driver in stable housing markets. Two lost decades in home prices.


Mark to fantasy model of real estate accounting. California property assessments down only 4 percent from peak but home values are down by 37 percent. FHA default rates surge.


Day of reckoning for shadow inventory and distressed properties – 40 percent of properties in foreclosure have not made a payment in two years or more.


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