Archive for the 'foreclosures' Category

When the housing bubble pops again. California and the 1,700,000 homes with negative equity – 50 percent of Florida homes in negative equity yet bubble markets persist across the country.


Glamorous foreclosures – Beverly Hills foreclosure and short sales – $4 million Beverly Hills foreclosure goes for a second round and $2 million short sale.


Rental roulette on the west coast. California foreclosures are up 22 percent from Q4 of 2010 to Q1 of 2011. Santa Monica buy versus rent example. Rent for $5,500 a month or buy at $1,950,000.


The never ending pipeline of shadow inventory – 1,800,000 homes in foreclosure while another 2,000,000 are underwater by 50 percent. No housing recovery without clearing out shadow inventory and expanding real household wages.


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