Housing in California is years away from a bottom. Let me make that clear and if you have any doubts, after reading this essay you will have a better understanding as to how I arrived at that conclusion. This article is longer since it will try to answer many of the arguments from [...] Related Posts: ■ California Budget Details: How the Recession Will Affect Revenues for the State. ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale. ■ San Diego Down 4.5 percent YOY - or $42,000 from Peak. ■ A Lost Decade of Housing Equity: Los Angeles and Orange County will hit a Housing Price Bottom in May 2011 seeing May 2003 Prices. ■ Redefining Success: One Year of Inventory and 27 Percent Annual Drop for Southern California. Is This the Elusive Bottom?

As it stands, the Housing and Economic Recovery Act of 2008 otherwise known as the housing bailout bill is moving quickly through both the House of Representatives and the Senate. This weekend, the Senate overwhelmingly passed the bill with a 72-13 vote and now heads to the White House for President Bush’s signature even [...] Related Posts: ■ Interview with Senator Government Genius: Discussing the Housing and Economic Recovery Act of 2008 ■ Housing Premonition: When You Knew it in Your Gut That Housing is Overpriced. ■ Selling Mortgage Loans on the Side of the Freeway: The Reckless Bailing out of the US Housing Market by Government Agencies. ■ The Genesis of the Credit Bubble: Advertising, Deception, and $163 Billion in Subprime California Loans Resetting in 1 Year. ■ California Solution for Budget Crisis: Minimum Wage and Laying off People. But Who Will Buy the $500,000 Foreclosures?