Archive for the 'banking' Category

Santa Monica real estate enters correction mode – Prime California housing market enters correction phase. From $1 million to $865,000 and still in a bubble. 1 MLS listed foreclosure for Santa Monica yet 177 homes are in some stage of foreclosure.


Foreclosure properties moving through the belly of the banking python – Notice of defaults decline while properties scheduled for auction jump. 2011 will see a jump in visible bank owned properties making it to the public. Agoura Hills and Woodland Hills real estate examples.


Southern California housing and the lost decade in prices – Inland Empire median home prices now officially back to 2001 price levels. Orange County median price down 5 percent on an annual basis.


Financially dreaming in California – 50 percent of California households with a mortgage cannot afford the home they are living in. The lingering effects of Alt-A mortgages and negative equity.


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