All about loans - market analysis

10 Reasons Why California is Years Away from a Housing Bottom: Rebuttal to Those Calling for a Bottom for California Housing.

Thu, 07 Aug 2008 04:19:52 +0000

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?

A Lost Decade of Housing Equity: Los Angeles and Orange County will hit a Housing Price Bottom in May 2011 seeing May 2003 Pric

Sun, 03 Aug 2008 18:56:04 +0000

The California housing market is facing a major calamity. In April of 2007 California reached a peak median price of $597,640 only to see those gains erased in the following year. By June of 2008, the median price in California is hovering at $368,250, a drop of 38.38% with no signs of slowing [...] Related Posts: ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ Predicting the Housing Future: Los Angeles and Orange Counties. Using the Case-Shiller Index to Find a Bottom. ■ Of Bubbles Past. Need a Map for Housing? Ask a Housing Perma-Bull and They’ll See the World Through Colored Glasses! ■ Southern California Housing Numbers Exposed: The Bottom Falls out of the Housing Market, Again. ■ Don’t Catch a Falling Guillotine: Housing Free Falling in Southern California. A Deep Look at the Numbers.

The All Hat and No Cattle Nation: Lessons from the Great Depression Part XVII: When Economic Times Cause and Economic Tipping

Fri, 01 Aug 2008 16:48:22 +0000

“Americans, while occasionally willing to be serfs, have always been obstinate about being peasantry.” - F. Scott Fitzgerald, The Great Gatsby The Great Gatsby was published in 1925 and chronicles the Jazz Age and captures some of the excess of the roaring 20s. F. Scott Fitzgerald wrote the novel during a time in which there was booming [...] Related Posts: ■ Bank Failure: IndyMac Bank. Lessons from the Great Depression Part XIV. Bank Failures. ■ The Lords of Money Speak: Even the Prime Will Fall. Lessons From the Great Depression Part XV. The King JPMorgan Speaks. ■ The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression: Part X. Data Mining. ■ The Day Housing Faced the Plague of Locusts: Lessons from The Great Depression Part XIII. Facing our Own Economic Pilgrimage. ■ Home Shopping Crisis Network: When the Ballyhoo Years Turn Into Relics of Excess. Lessons from the Great Depression Part XVI: Items That Sold in the Credit Bubble.

California Housing Prices: 3 Different Measures Showing Different Prices. Calibrating Housing Prices for California.

Thu, 31 Jul 2008 07:05:19 +0000

Trying to figure out the aggregate housing price decline of a state as large as California is no easy task. For a state with over 36,000,000 people getting a simple statistic on housing is challenging and requires the ability to look at multiple sources of data. During the height of the housing bubble [...] Related Posts: ■ Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California’s Gold! ■ Even the Harlem Globe Trotters Couldn’t Spin Today’s Housing News! ■ Real Homes of Genius: Today we Salute you Huntington Park. Sold 3 Times in 4 Years. ■ Housing Bloggers Unite: The Housing Blogger Network (HBN) has Started. ■ Think Housing Can’t Go Down Significantly in Southern California?

Rent versus Buying: Should you Buy With Housing Prices Crashing? Culver City Case Example: Reasons to Wait Another Year.

Wed, 25 Jun 2008 17:02:02 +0000

With housing, there are only two positions in which someone can be. You own or you rent. That is it. The fascinating market dynamics are making people ask whether this is the bottom and should they jump into the market to buy. From the beginning, this question should not be approached [...] Related Posts: ■ Real Homes of Genius: Culver City Pricing Dysfunction! Prices all Over the 405. ■ Real Homes of Genius: Today we Salute Inglewood. Bought in 1970 for $20,000 now selling for $397,400. ■ Real Homes of Genius: Today we Salute Culver City. Flipping Homes in Today’s California Housing Market. ■ Housing Rehab: 2 Step Program - Real Homes of Genius: Today we Salute you Burbank. $626,000 Short Sale. ■ The Rent vs. Buying Dilemma: Mortgages the Southern California Way. 3 Factors to look at: Increase Rental Prices, Housing Price Declines, and Tighter Credit Markets.

Predicting the Housing Future: Los Angeles and Orange Counties. Using the Case-Shiller Index to Find a Bottom.

Sat, 21 Jun 2008 07:03:13 +0000

Predicting future prices is a dangerous game. Trying to predict peak prices during a mania is like predicting the future behavior of an insane person. By definition their nature is not predictable and thus trying to determine what they’ll do tomorrow may be a fruitless exercise. Yet now that we are slowly [...] Related Posts: ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ Housing Contradiction: Home Prices Down = Sales Up. Any Questions? ■ There will be Housing: How we’ve Returned to Selective Market Ignorance. ■ The Abyss is Deep: The Housing Abyss is Deep: 4 Major Reasons Why Housing in Southern California is Nowhere Near a Bottom. ■ The Quest for Accurate Housing Prices: Three Counties and Multiple Prices.

Cultural Spending Neurosis: How a Nation Went From Prudence to Financial Decadence.

Thu, 12 Jun 2008 23:52:13 +0000

I was having a conversation with someone last week regarding his home equity line being shut down. He was rather distraught and frustrated by the sudden move of the lender to close off his line due to market conditions here in California. “How can they do that? They have no right to [...] Related Posts: ■ Superstars of Housing Love: The Sheriff Deputy Evicting People who Default. ■ Real Buyers of Genius: Another $20,000 a year person takes on a $600,000 mortgage. ■ $640 Billion in Sub-prime Loans Originated. $386 Billion in Alt-A Loans Originated. $1.026 Trillion in Loans at Risk? Priceless. ■ Housing Bloggers Unite: The Housing Blogger Network (HBN) has Started. ■ About

3 Captivating Housing Stories: Trouble in the 90210: When Beverly Hills Isn’t Prime. Vote yes for Multiple Foreclosures. T

Thu, 05 Jun 2008 18:40:09 +0000

The bigger they are, the harder they fall. That mantra is now being witnessed first hand by many prime areas of Los Angeles County. Luxury properties have a very specific and niche based market. They cater to a very unique audience that usually resides outside the confines of the average [...] Related Posts: ■ Real Homes of Genius: Today we Salute you Beverly Hills. When the 90210 Simply Isn’t Enough. ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California’s Gold! ■ This Housing Mess is Getting Ugly and Your Face Shows it. Unintended Consequences of Lost Home Equity. ■ Real County of Genius: Los Angeles County Reaches Another Record: $540,000 Median Price. 3 Reasons why this Number is a Fabrication.

Credit Crisis Part Deux: The Noise in the Housing Attic.

Tue, 03 Jun 2008 16:37:22 +0000

I think the best way to discuss the “reemergence” of the credit crisis is to remember a childhood story. Remember that time your family was throwing a party and you were concerned about crazy grandma going off on her usual rants? You thought carefully about what you were going to do since you [...] Related Posts: ■ Two Faces of Housing Panic: Schadenfreude and the Lender of Last Resort. ■ The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression: Part X. Data Mining. ■ Manias, Panics, and Crashes: 2007 First Quarter All-Stars – Foreclosures, Subprime, and Politics. Five Characteristics of a Housing Bubble. ■ A Bubble That Broke the World: Lessons from the Great Depression Part IX. When Credit is Debt. ■ Just Because you Crawl Today, Doesn’t Mean you Won’t Walk Away Tomorrow from a Home: The Next Chapter in the Foreclosure Crisis.

How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater.

Thu, 29 May 2008 15:11:55 +0000

Los Angeles County has witnessed every facet of the housing bubble. From historically lower priced areas such as Compton having homes sell at $500,000 to higher priced areas like Beverly Hills seeing homes sell in the multi-millions. We also were at the vanguard of interest only, option ARM, and other exotic mortgages [...] Related Posts: ■ Living Large on $25,000 a Year in Southern California. ■ Double Bubble: California Compared to the United States. Vacancy Rates up Homeownership Down. ■ Southern California Housing Numbers Exposed: The Bottom Falls out of the Housing Market, Again. ■ The Genesis of the Credit Bubble: Advertising, Deception, and $163 Billion in Subprime California Loans Resetting in 1 Year. ■ Are you a Debt Slave?

Housing Contradiction: Home Prices Down = Sales Up. Any Questions?

Tue, 27 May 2008 16:06:44 +0000

I’m about to reveal an extraordinary secret, one that rivals the coordinates for the lost city of Atlantis. As experts and government officials are now in their second year of scrambling for housing solutions it appears that we have found one that works. Here it goes; when you lower prices you actually move [...] Related Posts: ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ About ■ Putting Home Sellers on the Couch: The Psychology of why Sellers Refuse to Lower Prices. ■ Consulting ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale.

Going Broke on $200,000 a Year: Step by Step Process of Going Down with a High Salary.

Fri, 23 May 2008 21:56:09 +0000

You may have noticed that gas prices have gone up recently. I’m just taking a wild guess that you’ve heard of this. For those of us in commuting urban areas we are all too familiar with fuel prices. Gas prices always go up during this time of the year right before the [...] Related Posts: ■ Zillowed, Disappearing Inventory, and Free Housing: 3 Major Psychological Reasons Why Housing is Still Declining and Living Rent and Mortgage Free. ■ Mission Accomplished: 3 Housing Issues: Multiple Bottoms, Declining Dollar, and More Sub-prime and Alt-A Defaults. ■ Hope Now Alliance: Not to be confused with Apocalypse Now Mortgages. ■ Are you a Debt Slave? ■ Mortgage Equity Withdrawal Syndrome. The 3rd Rail of the Housing Led Boom.

Just Because you Crawl Today, Doesn’t Mean you Won’t Walk Away Tomorrow from a Home: The Next Chapter in the Foreclosure Cri

Sun, 11 May 2008 04:03:07 +0000

This weekend I’ve gotten many e-mails talking about the walking away “myth” and an onslaught of articles now addressing the issue. For those of you that read many of the economic and housing blogs, this is something you are already familiar with. In fact, there has been a sudden shift of trying [...] Related Posts: ■ New Century files for Chapter 11. ■ Real Homes of Genius: Today we Salute you Stanton. ■ Real Homes of Genius: Today We Salute you Artesia. 626 Square Feet of Barbie Love for $360,000. ■ Dr. Housing Bubble Examines Patients of the Housing Bubble. ■ Ponzi Financing – The House that Credit Built.

Zillowed, Disappearing Inventory, and Free Housing: 3 Major Psychological Reasons Why Housing is Still Declining and Living Ren

Thu, 08 May 2008 06:15:39 +0000

You know you do it. Deep down you know you feel a bit sneaky when you do it like going on a clandestine secret mission. I would venture to guess that you have Zillowed yourself or homes in your neighborhood. Welcome to the major equalizing force in the housing game, information. [...] Related Posts: ■ Living Large on $25,000 a Year in Southern California. ■ Real Homes of Genius: Today we Salute you Monterey Park. 800 Square Feet for $479,000. ■ Real Homes of Genius: Forget Buy 1 get 1 Free Deals. How About 3 for the Price of 1. Today we Salute you Riverside. ■ 5 Reasons Why The Housing Market Will Continue to Decline Until 2010: Extrapolating The Free Ride Bird and Dancing with the Housing Pied Piper. ■ The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California.

Stop Saving Now and Spend Those Rebates! The Home Refinancing Well Has Run Dry.

Mon, 05 May 2008 08:03:30 +0000

I’m not sure at what exact point did “saving” become a four letter word. The predicament that we now find ourselves in has an origin in a decade long spending binge. For many decades in our nation’s history, we were a lender and large exporter to other countries so this is a relatively [...] Related Posts: ■ The Credit Conundrum: The New Loan Shark is the Fed. ■ Ponzi Financing – The House that Credit Built. ■ The Plague of Housing: Why we Will Feel and Be Poorer Because of the Housing Bust. ■ Are you a Debt Slave? ■ The Housing Wave of the Future: Two Main Mortgage Tsunamis.