The collapsing prices in Irvine condos – two zip codes see year over year price drops of 40 percent. Shadow inventory in Irvine is bigger than non-distressed MLS inventory.


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


The monster lurking in the shadow inventory – 12 million Americans underwater with nearly 6 million delinquent or in foreclosure with their mortgages. The hidden benefit of not paying your mortgage.


Short sales and foreclosures made up 52 percent of all recent Southern California home sales – Lenders aggressively pricing lower-end properties to move. Two Pasadena examples.


« Previous Entries
Next Entries »

By Month:



By Category:

© 2016 Dr. Housing Bubble