Archive for the 'real-homes-of-genius' Category

The foreign buyer argument –Cerritos California has 82 percent of households listed as homeowners. Median income of $82,000 does not support city median price of $540,000. If it did, you would not see homes falling by $231,000 in a few short years.


Real Homes of Genius – Prime Bel-Air zip code lists only 1 foreclosure while shadow inventory has 56 properties, twice the entire MLS data. Chasing the market down from $1.5 million to $870,000.


Real Homes of Genius – The bubble city of Santa Monica. When shadow inventory dominates prime cities and foreclosures still sell for $739,000 and are listed with 935 square feet.


Foreclosure red carpet style – From $1,350,000 to $576,000 in prime West Hollywood zip code. Real Homes of Genius. West Hollywood real estate enters correction.


Foreclosing on the red carpet – Hollywood home goes from $1 million to $377,000. Real estate with financial glamour. Real Homes of Genius.


Santa Monica real estate enters correction mode – Prime California housing market enters correction phase. From $1 million to $865,000 and still in a bubble. 1 MLS listed foreclosure for Santa Monica yet 177 homes are in some stage of foreclosure.


Culver City home enters the $300,000 price arena. Foreclosure tipping point in prime Southern California cities. Some banks moving ahead of the California housing correction. Real Homes of Genius.


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