Apr 13 2010

Los Angeles County has 2,205 Homes that are valued at $1 Million or More in Shadow Inventory. MLS Only Lists 32 Foreclosures with a Price Tag of $1 Million or Higher.

Million dollar home sales in the state continue to fall.  In 2009 California saw 18,621 homes sell with a price tag of over $1 million.  That is a far cry from 2005 when over 54,000 homes sold with a price of $1 million or more.  But one thing that is rarely mentioned is this massive […]

Mar 24 2010

The Bulk of Californians Bought or Refinanced During the Peak – 4.6 Million Moved into a New Housing Unit from 2005 to 2008. 1.7 Million Additional Homes priced under $249,000.

I think looking deep into the housing data of California helps illuminate the story of the housing bubble, but also the drawn out aftermath.  Of the 12 million occupied units in California, over 4.6 million people entered their new housing unit between 2005 and 2008.  This occurred during the peak time.  So to really get […]

Mar 16 2010

No Hope for Option ARMs or Alt-A Loans – Loan to Value Ratios of 169% Simply do not Qualify for Help and Cement the Destiny for Billions in California Loans. Two Case Examples in Irvine and Garden Grove.

One of the big problems that really isn’t addressed when discussing option ARMs or Alt-A loans is the fact that many are tied to the hip with second liens.  If it wasn’t bad enough to have one toxic mortgage imagine having two.  It is also a bad twist of fate that most of these loans […]

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