Archive for the 'money' 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.


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.


Canceling out a generation of future home buyers because of massive student debt – In 1980 a median priced home in California would purchase 330 years of a UC education. Today it is down to roughly 20 and student loan debt is creating a new class of indentured citizens.


Day of reckoning for shadow inventory and distressed properties – 40 percent of properties in foreclosure have not made a payment in two years or more.


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