Hat tip to Aztec for sending along this article from Bloomberg: By Jody Shenn June 16 (Bloomberg) -- Prices for the most expensive U.S. homes may not reach bottom for another few years, according to JPMorgan Chase & Co. analysts. (click on image for clarity) The...
Tobias suggested that we compare the foreclosure counts (NOD, NOTS, & REO of SFRs and condos only) to the number of homes to see the relative impact. The home counts come from city-data. Also included here are the number of active listings of detached and...
Hat tip to Kwaping for sending this along, from the U-T: The real estate slump has arrived in La Jolla, Rancho Santa Fe and other high-end San Diego County neighborhoods. After holding their own in sales strength, sales of homes priced at $1 million or more started to...
Here we go again, more government intervention - the latest authored by Ted Lieu, from El Segundo (home of the World Champion Los Angeles Lakers). Back in February the California state legislators passed the Lieu Foreclosure Prevention Act, and our governor signed it...
Are there a bulk of bank-owneds that are being held off the market? A review of the tax rolls looking for detached homes owned by Countrywide, Cwabs, Bank of America, Bank of New York, US Bank, Deutsche Bank, Wells Fargo, Downey, and First Franklin found that there...
Congratulations Laker fans! Game 5 summary: http://www.youtube.com/watch?v=dq3WtDxqFKA
You be the judge - is there an appetite for an 850sf bungalow at close to $1,000-per-sf on La Mesa, which is a couple of blocks from the cliff? Just listed for $840,000 - and on a 3,920sf lot!
It was mentioned that bubbleinfo never makes it to Escondido - why? It's the wild, wild west! But if it's good enough for the Governator (who was there Friday) then let's give Esco a moment. We can call Escondido's real estate market...um...."diverse". In...
From the U-T: A $100 million new-home state tax credit is likely to be exhausted within days, prompting builders to press legislators to add $200 million to the kitty. Valued at up to $10,000 per buyer, the credit was passed in March as a way to clear out unsold...
You could make a case on both sides of the rental market. On one hand: you could say that buying a home is still an expensive proposition, and the uncertainty ahead would keep the tenant pool brimming. On the other hand: current tenants may be buying homes to live in,...
