Real estate across the bay – Looking at Hayward and San Mateo. California financial bubbles springing up once again in the Bay Area. Hayward up 56 percent from last year?
I wanted to compare two cities across the bay that are showing the split in California housing. In one select area we are seeing prices persistently high and in another area, we have seen prices come down hard. Yet the interesting thing about the data is that it shows us that both areas are seeing [...]
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 [...]
The Complete Guide to Toxic Mortgages and the Housing Situation of California – Option ARMs, 55 Percent of Jumbo California Loans are ARMs, 794,000 Distressed Properties, and Failed Loan Modifications.
An updated chart highlighting the option ARM and exotic mortgage loans made during the height of the bubble still shows us that many loans will go bad in the next couple of years. We need to remember that the vast majority of troubled option ARMs were made from 2004 to 2007. While analysts claim that [...]