Archive for the 'southern-california-housing' Category

The housing crash sequel in California – Foreclosure sales made up 45 percent of sales in Q1 of 2011 with an average discount of 33 percent. 431,000 jobless Californians have exhausted unemployment insurance.


Glamorous foreclosures – Beverly Hills foreclosure and short sales – $4 million Beverly Hills foreclosure goes for a second round and $2 million short sale.


Rental roulette on the west coast. California foreclosures are up 22 percent from Q4 of 2010 to Q1 of 2011. Santa Monica buy versus rent example. Rent for $5,500 a month or buy at $1,950,000.


Corona del Mar enters real estate correction – sub-$1 million short sale goes below 2003 sales price. $4 million of visible distressed real estate but $53 million in shadow inventory for tiny Corona del Mar.


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