Archive for the 'alt-a' Category

California home prices 50 percent off March 2007 peak – Why California home prices will be impacted by multi-year state budget deficits, higher interest rates, and a backlog of distressed properties.


Beverly Hills short sale selling for $2.15 million and below the $3.3 million in loans. Beverly Hills has 3 foreclosures listed on the MLS but 107 are currently active.


Debt built society – Last decade saw negative real household income gains yet the sharpest rise in home values ever. Household debt and dual incomes hid the collapse of real per capita wage growth. Home values destined for a stagnant decade ahead.


FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.


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