Jul - 16th
Southern California home prices keep going down
Posted at 2:29 pm | Filed Under California Housing Crash, Mortgages, The Economy, Real Estate
The pain for homeowners in Southern California continues. According to AP via Yahoo Finance:
Southern California home prices drop 29.3 percent in June from last year
SAN DIEGO (AP) — Southern California home prices plunged 29.3 percent in June compared to a year ago, a research firm said Wednesday.
DataQuick Information Systems said the median price for new […]
Jul - 11th
An avalanche of foreclosures in California and Florida
Posted at 12:35 pm | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, The Economy, Real Estate
If you thought that the housing market couldn’t get any worse, you get wrong. The Sun Sentinel reported this:
Florida foreclosures up 92 percent
Home foreclosures continue to multiply in South Florida and the rest of the nation, and analysts say the crisis likely won’t ease until next year at the earliest.
“Between falling home prices and the […]
Jun - 20th
It’s a great time to be a renter
Posted at 1:43 pm | Filed Under California Housing Crash, The Economy, Real Estate
For all of you renters out there, here are some great news!!!
Rents are coming down or not increasing enough to keep up with inflation. The burst of the housing bubble has created a great opportunity for renters. According to the LA Times:
Renters sitting prettier amid house-market upheaval
Renters may be the big winners in the housing […]
Jun - 20th
California’s nightmare
Posted at 12:31 pm | Filed Under California Housing Crash, The Economy, Real Estate
This from USAToday:
Economy has some states tangled in ‘dire’ financial snares
The nation’s weak economy has landed some big states in a desperate struggle to balance their budgets before July 1 when their new fiscal years begin.
Arizona, California, New Jersey, Nevada and Pennsylvania are among states that must slash spending or raise taxes to straighten out […]
Jun - 7th
Ed McMahon Fighting Home Foreclosure
Posted at 7:53 am | Filed Under California Housing Crash, Mortgages, Real Estate
May - 27th
More home prices declines
Posted at 11:46 am | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, The Economy, Real Estate
May - 27th
The burst of the housing bubble will last a long time
Posted at 12:18 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This from CNBC:
“This is going to be another difficult spring,” said Mark Zandi, chief economist at Moody’s Economy.com. “I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end.”
The devastation is certainly a far cry from the boom years from […]
May - 2nd
Even celebrities lose their homes to foreclosure
Posted at 7:33 am | Filed Under California Housing Crash, The Economy, Real Estate
This from Reuters via Yahoo Finance:
LOS ANGELES (Reuters) - Former U.S. baseball star Jose Canseco said on Thursday he had lost his California mansion to foreclosure — one of the first celebrities to publicly admit being a statistic in the U.S. housing crisis.
Canseco, 43, one of the most flamboyant U.S. baseball players until his […]
Apr - 30th
Where’s housing headed?
Posted at 7:19 am | Filed Under California Housing Crash, Mortgages, The Economy, Real Estate
Apr - 29th
Foreclosures jump 112% from a year ago
Posted at 10:12 am | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, Real Estate
The bad news for the housing market just keep coming. According to AP via Yahoo Finance:
Homes facing foreclosure more than doubled in 1Q from 2007
LOS ANGELES (AP) — The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left […]
