Archive for the 'bailout' Category

The reluctant California home seller – 35 percent of homes bought pre-2000 in California yet sellers still expect unrealistic prices. Market dominated by distressed properties of foreclosures and short sales. La Mirada wakes up to mid-tier shadow inventory correction.


The California problem of making too many renters into home owners – Home ownership rate back to levels last seen in 1993. From 2000 to 2010 population increased by 10 percent but owner-occupied housing jumped by 25 percent. Prime Encino zip code with 6 MLS foreclosures but 96 properties in the shadow inventory.


The financial siren call of low mortgage rates – Federal Reserve continues to artificially lower mortgage rates to keep shadow inventory values inflated for banking allies.


Zoning out the middle class in California because of high home prices – The psychological and demographic impacts of an unaffordable housing market.


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