Archive for the 'banking' Category

3 trends in the current housing market – Can home prices remain stagnant until 2020? Detroit home prices back to 1994 levels. California all cash buyers at record high.


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.


Southern California back into a year-over-year decline. Los Angeles median home price down over 10 percent in 4 months. Slowest housing sale month since March of 2008. 30 percent of buyers involved all cash and the median price for these homes was $190,000.


Nothing down and low down payment mortgages inflate housing prices and increase the rate of foreclosure – Financial reform starts with increasing the down payment amount. How FHA insured loans infiltrated and filled the gap of exotic mortgage financing.


« Previous Entries
Next Entries »

By Month:



By Category:

© 2016 Dr. Housing Bubble