Archive for the 'alt-a' Category

Manhattan Beach 800 square foot home sells for $870,000 in 2007 and now chases market down. Refinancing proposal will not save housing because shadow inventory and bank accounting chicanery is true problem in our economy.


Where the income is lacking – Calabasas median home price falls from $1.39 million to $877,000 in one year. A city where nearly 80 percent own yet incomes are unable to support bubble prices.


Real Homes of Genius – Prime Bel-Air zip code lists only 1 foreclosure while shadow inventory has 56 properties, twice the entire MLS data. Chasing the market down from $1.5 million to $870,000.


The worst housing crash since the Great Depression just got worse. What happens when home values pop in other bubble metro areas? New home sales fall 82 percent from peak versus 80 percent during the Great Depression


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