Archive for the 'flipping' Category

Southern California back into a year-over-year decline. Los Angeles median home price down over 10 percent in 4 months. Slowest housing sale month since March of 2008. 30 percent of buyers involved all cash and the median price for these homes was $190,000.


Leading indicators in prime Southern California cities show real estate weakness ahead in 2011. Condo market collapses in prime markets. Culver City condo flood and those still asking for nearly half a million for an 800 square foot home.


Real Homes of Genius – The mini face of foreclosure. Artesia lime green foreclosure selling for $119,000 but listed at 396 square feet. 600 square foot foreclosures in Compton and Stanton.


Real Homes of Genius – Seal Beach home from a price listing of $2,900,000 to selling for $900,000. Chasing the housing market down.


Real Homes of Genius – Revisiting an HGTV style Culver City flip of 2007. Ever wonder why all those house flipping shows now show Canada housing instead of Westside homes? 704 square foot Culver City flip goes from massive profit to loss.


Collapse in Southern California home sales a sign that prices will fall in 2011? The 2005 and 2006 collapse in sales led to prices tanking in 2007. Home prices still inflated after years of bank and government intervention.


California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


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