Archive for the 'california-equity-giants' Category

Banks cherry picking individual foreclosures that show up on the MLS in Culver City and Pasadena with proof: Southern California lenders pushing out properties in Culver City with an average price tag of $300,000. Median sale price for city is $600,000. Shadow inventory average price is $443,000 with loans at an average of $552,000. 141,000 homes in Southern California are distressed yet MLS only reflects 83,000 total properties.


Southern California housing largely in a housing bubble – California CPI up 31 percent for the decade home prices in SoCal up 45 percent. Los Angeles County up 72 percent and Orange County up 63 percent.


800,000 mortgages in California are 30+ days late or in foreclosure. Only 132,000 show up in the MLS. Why there will be no housing bottom for California until at least 2012.


Real Homes of Genius: Culver City home for sale at $925,000 or available for rent at $3,795. The distorted Los Angeles housing metrics point to further price adjustments.


« Previous Entries
Next Entries »

By Month:



By Category:

© 2016 Dr. Housing Bubble