Even though things appear to be deteriorating rapidly and are shocking the public and officials, this castle made of mortgage sand was built over a decade of frankly irresponsible greed and corruption. There really is no way of sugar coating it. In the middle of it all, there was ethical behavior and those [...] Related Posts: ■ Foreclosures? Housing Bubble? In Southern California? Impossible! ■ Foreclosure Shrugged: The Issue with Finding an Exact Foreclosure Number. ■ The Foreclosure Story: What does the Process Look Like? ■ Real Homes of Genius Flashback: Looking back at Lakewood California. $105,000 Loss. ■ Superstars of Housing Love: The Sheriff Deputy Evicting People who Default.

I prefer to take economic data and information like I take my sushi, raw with wasabi. In October, we reported the monumental tipping point of going over 10,000 short sales in Southern California. Those days now seem like a distant reality since as of today, there are 16,646 short sales in the Southern [...] Related Posts: ■ The Short Sale Report: Volume 1 – The True Barometer of the Housing Market ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale. ■ The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California. ■ Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000. ■ Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year.

We are back in wonderland where losing jobs is apparently good news for the markets. These false rallies will once again lose steam once people realize that reality on Wall Street is very different from daily living on main street USA. In this short article, we are going to drill into the short [...] Related Posts: ■ The Short Sale Report: Volume 1 – The True Barometer of the Housing Market ■ Real Homes of Genius: Today we Salute you Compton with a Short Sale at $375,999. New! Short Sale Search Option. ■ The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California. ■ Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000. ■ The Short End of the Stick: Examining Short Sales in Southern California

As many of you are now aware, the economy slowed to a dismal forth quarter edging up only 0.6%. Of course the technicality of being in a recession has been played down by many well doers that seem to have a Kevlar vest protecting them from the real issues that many Americans face. [...] Related Posts: ■ The Short End of the Stick: Examining Short Sales in Southern California ■ Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year. ■ Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000. ■ Who Cut the Rates? California Dreaming and Double-Speak Housing. ■ Real Homes of Genius: Today we Salute you Compton with a Short Sale at $375,999. New! Short Sale Search Option.

I’ve been tracking the Southern California market for over a year. The inventory numbers for San Diego, Ventura, Orange, Los Angeles, San Bernardino, and Riverside Counties hit a peak in late September at 166,514. During this same time, sales for the region have steadily decreased. At a certain point, it was [...]

If you haven’t noticed the DOW is up 4.5 percent from its correction point that was hit at 12,743 earlier in the week. You would think fantastic information is coming out but there are only two good pieces of news if you can call it that: 1. The Fed is practically elbowing us, wink [...]

While everyone is talking about multiple housing related issues, it seems that people are failing to report on the monumental record we set this week. Southern California, for the first time this millennium has hit a record of 10,000 short sales. The record occurred this week and we are currently riding [...]