Archive for the 'psychology' Category

If you build it, they won’t come – Why are new home sales not getting the summer bounce with 30 year mortgage rates at historical lows? Prop 13 and the housing lottery in California.


Where the income is lacking – Calabasas median home price falls from $1.39 million to $877,000 in one year. A city where nearly 80 percent own yet incomes are unable to support bubble prices.


This time is different for real estate – lower foreclosures yet home prices still moving lower or remaining stagnant. Psychology shifting and new trends emerging.


The worst may still be ahead for housing – 3 million homes foreclosed on in the last three years with another 5 to 7 million foreclosures in the pipeline. One third of homeowners believe they are underwater.


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