Archive for the 'alt-a' Category

Rancho Palos Verdes and Palos Verdes Estates welcome the California housing crash – From $1.75 million to $1 million in an elite market. MLS has 1 listed foreclosure yet 200 homes are in some stage of foreclosure in Rancho Palos Verdes. A $4.7 million loan made on a $1.5 million home sale in 2003.


Four financial corners of California – real estate and broker licensees continue to decline, banks extend average foreclosure to 285 days, underemployment surges to 19.9 percent nationwide, and Federal Reserve now largest U.S. debt holder.


The financial allure of renting – How the real estate industry silences the voice of one third of Americans. Homeownership back to 1998 levels because owning a home requires income and affordability. $650 billion in real estate wealth evaporated in the last quarter of housing data.


Down payments, stricter lending, stagnant wages, and massive pipeline of distressed inventory – 5 reasons why 2011 is not the time to buy real estate in California. Even FDIC Chairman Sheila Bair supports 20 percent down payments.


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