The options are running out in terms of artificially keeping the housing market inflated.  Too much time, money, and effort has been funneled to the financial industry over the last five years since the bubble popped and so far, little results have been measured in the market for many Americans.  The core of the issue, … Continue reading Mark to fantasy model of real estate accounting. California property assessments down only 4 percent from peak but home values are down by 37 percent. FHA default rates surge.