California Market Inventory: Is the Lower End Running out of Steam? 5 Key Factors Impacting California Inventory. Borrowers Don’t Have Bubble Purchasing Power.
How many homes are currently for sale in California? This rather simple question seems to be missed in many mainstream articles and is rather important to the question of the overall health of the California housing market. In many cases it is assumed that having less than six months of inventory reflects a healthy and [...]
California Total General Fund down $237 Million in August. Recent Estimates Put State in Deficit of $8 Billion for Next Year.
It only took a few weeks for California to miss its budget estimates again. The California State Controller’s Office released data for August receipts last week and the state is already under by $237 million from the recently revised budget figures. Keep in mind that the recent budget figures were completed in the midst of [...]
The Volatile California Housing Market – 10 Reasons why there will be no Recovery in 2010. The Seamless Short Sale and Renting back in Vogue.
The California housing bubble will go down in history books right along the Florida real estate bubble of the 1920s where speculators flipped swampland contracts over a nice lunch. The unique aspect of the California housing bubble is that it engulfed the entire nation and to a large degree, other cities in the world. This [...]