Archive for the 'real city of genius' Category

The mid-tier correction in California housing – Burbank California shadow inventory three times the size of non-distressed MLS inventory.

The living bubble cities of California – Pasadena property falls over 50 percent in 7 years. 27 foreclosures listed on MLS while 553 properties remain in the shadow inventory. $1.8 million multi-property sale to $330,000?

Real County of Genius – Ventura County meets the housing correction. A mid-tier market with a median home price of $370,000 down from the $627,000 peak of 2006. Thousand Oaks and Newbury Park. Prime mid-tier examples of the correction.

The anatomy of a housing bubble city – Pasadena California home prices expanded from $220,000 to $662,000 from 2000 to 2007. Why housing prices will correct in mid-tier California cities over the next few years.

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