Archive for February, 2011

Southern California back into a year-over-year decline. Los Angeles median home price down over 10 percent in 4 months. Slowest housing sale month since March of 2008. 30 percent of buyers involved all cash and the median price for these homes was $190,000.


Nothing down and low down payment mortgages inflate housing prices and increase the rate of foreclosure – Financial reform starts with increasing the down payment amount. How FHA insured loans infiltrated and filled the gap of exotic mortgage financing.


Don’t believe calls for a quick housing bottom – Foreclosures increase as system is still clogged. Those calling for a 2011 California housing bottom are premature. 51 percent increase in REO inventory for California in latest month of data.


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


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