Archive for the 'foreclosures' Category

Don’t believe calls for a quick housing bottom – Foreclosures increase as system is still clogged. Those calling for a 2011 California housing bottom are premature. 51 percent increase in REO inventory for California in latest month of data.


Foreclosing on the red carpet – Hollywood home goes from $1 million to $377,000. Real estate with financial glamour. Real Homes of Genius.


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.


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