Archive for the 'short sale report' Category

2012 the year of the short sale – Short sales over 50 percent of all MLS inventory in Southern California. Beware of costs like PMI, HOAs, and Mello-Roos.

Short sales and foreclosures made up 52 percent of all recent Southern California home sales – Lenders aggressively pricing lower-end properties to move. Two Pasadena examples.

A $983 mortgage payment in Southern California is now typical? Buyers commit to lowest mortgage payment in January of 2012 since May of 1999. What does this say about the current makeup of real estate sales?

Is the condo market a leading indicator of lower home prices in cities? Culver City condo selling close to 1989 price. Culver City condo market shows dramatic price decreases.

Short sales and the process of flopping – Short sale fraud will cost lenders $375 million this year. Short sale fraud and asymmetrical information keeps deals away from public.

The three faces of the California housing correction – a Burbank condo, a single family home in Hacienda Heights, and an investment property in Burbank.

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