Archive for the 'California Love' Category

Flippers’ Paradise: The massive jump in list prices for Culver City. Median list price up almost 100 percent from two years ago. Record low inventory. Distressed properties 3 times the amount of MLS listed homes.


The broke versus all cash buyer: Over 56 percent of Southern California home purchase came from FHA insured buyers and all cash buyers. Last month record level of buying from all cash buyers.


Where did all the housing inventory go? Listed inventory down over 20 percent from last year and at lowest levels since January of 2001.


The rush to buy: Dropping contingencies on offers, thinking equity went up in last month, and stated income loans.


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