California Notice of Defaults hit Record in 2009: Approximately 476,000 Notice of Defaults but Foreclosures Fell. HAMP Most Active in California. Approximately 5,900 Permanent HAMP Mods in California.
California is at the center of the foreclosure wave. Of the 306,000 foreclosure filings in November 23 percent hit in California. You cannot talk about housing distress without looking at the state of California. The California housing market will be in a slump for many years and there are a variety of reasons why California [...]
A Case Study of Distress California Housing: Sacramento County.
The Sacramento Association of Realtors provides excellent data on real estate market trends for Sacramento County. It is unfortunate that we don’t have comprehensive data like this for the state of California housing. Yet this data is helpful because it reflects similar outcomes of other California counties like Riverside or San Bernardino. When we examine [...]
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 [...]