Archive for the 'mortgages' Category

Leading indicators in prime Southern California cities show real estate weakness ahead in 2011. Condo market collapses in prime markets. Culver City condo flood and those still asking for nearly half a million for an 800 square foot home.


Why low interest rates do not help the housing market and heavily benefit investment banks – 40 percent of Americans have mortgage rates higher than 6 percent. The SoCal housing market will enter a significant correction in 2011 based on seasonal sales and price changes.


The rich foreclose in spectacular fashion – Pasadena million dollar home has owners unable to pay the mortgage yet keep getting mortgages. The biggest Southern California foreclosure loss in Bel-Air.


5 reasons to rent in California for the next 12 months – Glut of vacancies, decreasing home sizes, banks get serious about short sales, and uncommon financial headwinds.


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