Archive for April, 2011

Corona del Mar enters real estate correction – sub-$1 million short sale goes below 2003 sales price. $4 million of visible distressed real estate but $53 million in shadow inventory for tiny Corona del Mar.


FHA insured loans dominate top 20 metro areas – The near nothing down mentality is the new rage in the housing market. FHA loans showing massive delinquency rates and have the potential of costing the taxpayer $100 billion in another bailout.


Foreclosure red carpet style – From $1,350,000 to $576,000 in prime West Hollywood zip code. Real Homes of Genius. West Hollywood real estate enters correction.


Vacant California – California has over 1 million vacant housing units increasing 54 percent in one decade while actual housing units only increased by 11 percent. Solid financial reasons why California home prices are destined to fall in the coming years.


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