Archive for the 'california-equity-giants' Category

The long road to a housing recovery – 279,000 California homes in shadow inventory. 2.1 million versus 4.85 million homes nationwide in the shadow inventory pipeline. Only 8,000 bank owned homes show up on the SoCal MLS yet statewide banks own 90,000 homes.


The canary in the Southern California housing market signifies a sizeable home price decline for 2011 – Collapse in year over year home sales and $8,500 away from a 10 percent price decline for Southern California home prices. Freddie Mac online rent versus buy calculator doesn’t even allow for a 1 percent annual price decline.


The rich foreclose in spectacular fashion – Pasadena million dollar home has owners unable to pay the mortgage yet keep getting mortgages. The biggest Southern California foreclosure loss in Bel-Air.


5 reasons to rent in California for the next 12 months – Glut of vacancies, decreasing home sizes, banks get serious about short sales, and uncommon financial headwinds.


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