Archive for the 'housing-2010' Category

Real Homes of Genius – The search for the biggest California foreclosures. Missing the housing peak in Beverly Hills. From $9.8 million to $7.25 million and counting. From $2.4 million to $1.3 million.


The four corners of the non-California economic recovery – Underemployment at 23 percent, affordability signifies bubble in prices, $25 billion budget deficit, no market is healthy when active foreclosures out number MLS non-distress inventory.


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 – From $5.5 million to $2.7 million in Newport Coast. Million dollar foreclosures grow in Southern California elite housing markets.


The long road to a housing recovery – 279,000 California homes in shadow inventory. 2.1 million versus 4.85 million homes nationwide in the shadow inventory pipeline. Only 8,000 bank owned homes show up on the SoCal MLS yet statewide banks own 90,000 homes.


Why low interest rates do not help the housing market and heavily benefit investment banks – 40 percent of Americans have mortgage rates higher than 6 percent. The SoCal housing market will enter a significant correction in 2011 based on seasonal sales and price changes.


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