Jun 17 2010

5 charts showing deep embedded problems in the banking and financial sector – banking data shows that recession is still going with 5.64% of all loans as non-performing. Banking charge-offs at record levels.

The new motto for banks should be “look at what I do, not as I say” because bank balance sheets are still worsening.  If bad debt is any indicator of financial health or of the stability of a bank balance sheet, banks are extremely ill even after the enormous amounts of money pushed into their […]

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 […]

Feb 2 2010

California Housing Inventory – 3.8 Months of Inventory if we only look at Public Data. The Financial Math behind California Home Prices and Artificially Low Inventory. Distress Inventory Still Dominating Market.

For a state like California getting an accurate figure on total inventory is always a challenge just because of the size of the state.  Throw in the large amount of inventory that is held off view from the public and it is hard to get an accurate figure of what is out there.  As of […]

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