Archive for the 'housing-data' Category

The question of housing affordability – 17 US markets near potential price bottoms. Two are in Southern California. Southern California also has counties where mid-tier cities are overpriced and continue to correct.


Will 2012 begin the unclogging of 6,000,000 distressed properties? Over 40 percent of the 2 million active foreclosures stand with no payment in over two years and some with three years and more. Foreclosure starts surge 28 percent in last month of data. Mid-tier markets in Los Angeles and Orange County contract severely in 2011.


The rise of the investor and affordable home buyer class – Southern California has hit a lost decade when it comes to nominal home prices. Median home price of Southern California back to 2002 levels. Record number of absentee investors purchasing homes.


The top 20 zip codes list of price declines for Los Angeles County. If you expect to see poorer areas on the list you will be surprised. 50 percent annual price fall for a zip code in Pasadena? A 37 percent drop for San Marino?


The future of the young American homebuyer. Average foreclosure timeline jumps from 253 days in 2007 to 674 days in 2011. Homeownership rates for younger Americans point to significant issues in household income, demographic changes, and attitude shifts in the desire to buy a home.


The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009.


Three dramatic housing trends closing out 2011 – Impact of overstating home sales, foreclosure wave will return in 2012, and a very creative agent picture of a property.


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© 2012 Dr. Housing Bubble