Archive for the 'short sale report' Category

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.


The reluctant California home seller – 35 percent of homes bought pre-2000 in California yet sellers still expect unrealistic prices. Market dominated by distressed properties of foreclosures and short sales. La Mirada wakes up to mid-tier shadow inventory correction.


The surge of distressed properties in Burbank California – 435 shadow inventory properties when only 39 make it to the MLS. Foreclosure filings surge in California as Bank of America starts up the shadow inventory clearing machine.


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