The true picture of the California housing market – 114,000 foreclosures listed on the MLS but 257,000 foreclosures are active. Over 622,000 homes are in foreclosure or have missed at least one mortgage payment. 30 percent of California homeowners in negative equity. Net worth and income data for the state.


The housing singularity and other housing oddities – more coverage on financial history in Mildred Pierce about SoCal housing bubble than all local networks combined. Geithner first to trial test his negative equity home as a rental?


Underwater nation – Over 14 million homeowners now sit in a negative equity position. Bubble markets see faster year over year price declines.


When the housing bubble pops again. California and the 1,700,000 homes with negative equity – 50 percent of Florida homes in negative equity yet bubble markets persist across the country.


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