Archive for the 'Keeping up with the Joneses' Category

What would it look like if you were able to see the entire shadow inventory for Beverly Hills with actual loan balances? The myth that foreclosures only occur in poor neighborhoods.

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.

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.

Southern California would be the second most populated state in America and half of all home sales in July were distressed properties. Worst July in four years and every county is down year-over-year in price.

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