Archive for the 'california-equity-giants' Category

The double-edged sword of low interest rates – In the last five years the drop in interest rates has made a $500,000 mortgage carry monthly costs of a $350,000 mortgage back in 2007.


The crash diet of California home buying – You cannot purchase a $226,000 starter home on a $33,000 income and state this is affordable. The twisted definition of affordability.


Million dollar short sales – Huntington Beach sales surge while distressed inventory leaks out into the MLS.


Half of loan modifications re-default within 18 months – California usage of ARMs at near record lows signifies home buyer psychology.


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