Archive for the 'money' Category

The destruction of traditional mortgage demand: Applications for mortgages hits a 14 year low and affordability for housing continues to decline.

Examining the net worth of renters and homeowners: Most Americans stash their wealth in home equity. Many housing markets affordable, just not the area you are looking at.

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.

4 emerging trends in the housing market – Pending sales falling in spite of record low mortgage rates. How does the $750,000+ new home market look like? Would a 90 percent drop get your attention?

Chasing the market lower syndrome or how to lose $176,000 in seven months – Case Shiller hits a new post-bubble bottom – Finding the bottom in home prices in California. Woodland Hills has 483 properties in the shadow inventory while 200 non-distressed properties are for sale.

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