Archive for the 'foreclosures' Category

Real Homes of Genius – The mini face of foreclosure. Artesia lime green foreclosure selling for $119,000 but listed at 396 square feet. 600 square foot foreclosures in Compton and Stanton.


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.


Real Homes of Genius – 916 square foot home selling for $510,000 in Culver City bubble market. Imagine having a second mortgage 3 times the size of the original mortgage! Shadow inventory galore in Culver City.


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.


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