Archive for the 'mortgages' Category

Real Homes of Genius – The bubble city of Santa Monica. When shadow inventory dominates prime cities and foreclosures still sell for $739,000 and are listed with 935 square feet.


The worst may still be ahead for housing – 3 million homes foreclosed on in the last three years with another 5 to 7 million foreclosures in the pipeline. One third of homeowners believe they are underwater.


The impending slow motion doom for housing – can the United States thrive with another decade long decline in home values?


How many McDonald’s jobs does it take to purchase a California home? 10 to 25 percent price decline over the next five years will prove to be optimistic. Can Americans stomach a second housing crash?


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