Archive for the 'alt-a' Category

A protracted winter is imminent for housing: Lessons from the Great Depression Part 36. From 1917 to 1945 home prices lagged the overall inflation trend. With one decade in the book, can Americans stomach a stagnant real estate market for another 20 years?


Trifecta of keeping the housing bubble inflated in pocket markets –Senate votes to reinstate big loan limits, pushes visas for wealthy foreign home buyers, and artificially slams rates lower to hammer savers.


I dream of California cognitive dissonance – Many Californians expect high level of services without paying the cost. The typical mortgage payment for those that bought last month was $964?


The three faces of the California housing correction – a Burbank condo, a single family home in Hacienda Heights, and an investment property in Burbank.


The reluctant California home seller – 35 percent of homes bought pre-2000 in California yet sellers still expect unrealistic prices. Market dominated by distressed properties of foreclosures and short sales. La Mirada wakes up to mid-tier shadow inventory correction.


The California problem of making too many renters into home owners – Home ownership rate back to levels last seen in 1993. From 2000 to 2010 population increased by 10 percent but owner-occupied housing jumped by 25 percent. Prime Encino zip code with 6 MLS foreclosures but 96 properties in the shadow inventory.


The financial siren call of low mortgage rates – Federal Reserve continues to artificially lower mortgage rates to keep shadow inventory values inflated for banking allies.


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