The Most Expensive County in California Examined – How San Francisco County Became the Most Over Priced Real Estate in California. 26% of Those Who Own Their San Francisco Home Would not be Able to Afford Their own Place if they Bought Today.
Only two counties in California have the honor of having a median price of over $600,000. Sure, we have areas like Beverly Hills with a median price of millions of dollars but this is still part of Los Angeles County. But to have a county like San Francisco with a current median price of $627,500 [...]
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 [...]
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 [...]