Archive for the 'california-equity-giants' Category

Real Homes of Genius: Manhattan Beach and million dollar neighborhood trends. Commercial real estate and residential foreclosures meet in unlikely zip code. Forbes 29th most expensive zip code enters correction.


Los Angeles County real estate values overpriced by 30 percent after adjusting for inflation. Data from 2000 to 2010 and looking at Burbank, Pasadena, Culver City, Beverly Hills, and Santa Monica.


Southern California home sales collapse by 21 percent year over year. Real estate tanks simultaneously with ending of government artificial market intervention.


The anatomy of a housing bubble city – Pasadena California home prices expanded from $220,000 to $662,000 from 2000 to 2007. Why housing prices will correct in mid-tier California cities over the next few years.


Real Homes of Genius: Tracking the California housing bubble through the eyes of a 900 square foot Burbank home. 42 percent price decline in a city still in a real estate bubble.


5 reasons why the California real estate market will weaken from August to December of 2010: California budget delay, inventory growth, and three other important factors.


Real City of Genius – The Westside of Los Angeles. Three short sales in Palms, Santa Monica, and Culver City. $100k to $300k in discounts in prime Southern California locations. Short sales still too expensive even with large discounts


Banks cherry picking individual foreclosures that show up on the MLS in Culver City and Pasadena with proof: Southern California lenders pushing out properties in Culver City with an average price tag of $300,000. Median sale price for city is $600,000. Shadow inventory average price is $443,000 with loans at an average of $552,000. 141,000 homes in Southern California are distressed yet MLS only reflects 83,000 total properties.


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.


800,000 mortgages in California are 30+ days late or in foreclosure. Only 132,000 show up in the MLS. Why there will be no housing bottom for California until at least 2012.


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