Archive for the 'housing-2010' Category

Revisiting option ARM data – Bank of America, Wells Fargo, and JP Morgan still have over $160 billion in option ARM loans outstanding. Over 250,000 option ARMs in California still active.


Real Homes of Genius – Sherman Oaks enters correction phase. $1,200,000 home now selling for $720,000 in Sherman Oaks. Prices coming down faster in prime California cities.


Collapse in Southern California home sales a sign that prices will fall in 2011? The 2005 and 2006 collapse in sales led to prices tanking in 2007. Home prices still inflated after years of bank and government intervention.


California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


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