Archive for September, 2010

California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


Real County of Genius – Ventura County meets the housing correction. A mid-tier market with a median home price of $370,000 down from the $627,000 peak of 2006. Thousand Oaks and Newbury Park. Prime mid-tier examples of the correction.


The $9.1 trillion bailout price tag – American households have lost $6.8 trillion in residential real estate values while mortgage debt has increased. The banking Stockholm Syndrome.


Real Homes of Genius – Culver City foreclosures focus on lower priced homes. Banks moving on lower priced homes in mid-tier markets. 175 homes distressed in Culver City yet only 3 show up on the MLS.


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