Archive for the 'banking' Category

The lower bound of the housing market – many locations in California will see prices decline in 2012 since banks and government intervention are maxing out. How can home prices go higher if household incomes are moving in the opposite direction? 21 percent underemployment rate in California.


The housing singularity and other housing oddities – more coverage on financial history in Mildred Pierce about SoCal housing bubble than all local networks combined. Geithner first to trial test his negative equity home as a rental?


Malibu housing correction – 2005 saw 50,000+ million dollar home sales in California. In 2010 it was roughly 20,000. Malibu REOs listed at 15 but shadow inventory above 100+ in a prime SoCal beachfront city.


When the global housing bubbles collapse like a row of dominoes – Canadian housing bubble at apex. Real estate markets from Australia, UK, Italy, and Ireland now into correction phases.


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