The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009.


Banks cherry picking individual foreclosures that show up on the MLS in Culver City and Pasadena with proof: Southern California lenders pushing out properties in Culver City with an average price tag of $300,000. Median sale price for city is $600,000. Shadow inventory average price is $443,000 with loans at an average of $552,000. 141,000 homes in Southern California are distressed yet MLS only reflects 83,000 total properties.


Futures market predicting housing bottom for Los Angeles and San Diego in May of 2012. LA to drop 12.8 percent and San Diego to drop 26.8 percent. San Francisco future predict increase in prices?


California Financial Dreaming: 5 Exhibits Showing Why California will be in a recession until 2011: Revenue Projections, Housing Inventory, Unemployment, Toxic Mortgages, and Consumer Psychology.


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