Archive for the 'housing 2011' Category

Bank of America and their global banking profits – California negative equity will push many into foreclosure, examination of inflated California zip codes, banks more willing to push shadow inventory into the open.


Is California the new Japan? – 5 charts showing nonfarm payrolls at 1998 levels, underemployment of 23 percent, 685,000 homes at least 90 days delinquent, a massive zombie real estate sector, and a decreasing homeownership rate.


Foreclosure millionaire style – 5 Beverly Hills foreclosures listed on MLS but 149 homes in foreclosure process – 107 of those foreclosures have loan balances above $1 million. One in seven homeowners with loans over $1 million are seriously delinquent.


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.


« Previous Entries
Next Entries »

By Month:



By Category:

© 2016 Dr. Housing Bubble