Jul - 27th
The upcoming collapsing of commercial Real Estate
Posted at 4:21 pm | Filed Under Bailout News, Credit Crunch, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Embedded video from <a href=”http://money.cnn.com/video”>CNNMoney.com Video</a>
Jul - 24th
Video: Dan’s foreclosure story
Posted at 8:06 pm | Filed Under Bailout News, California Housing Crash, The Economy, Real Estate
We found this video on the internet and we wanted to share it with you.
Jul - 22nd
Robert Shiller talks about the housing bubble
Posted at 6:29 pm | Filed Under California Housing Crash, Florida Housing Crash, Real Estate
Embedded video from CNNMoney.com Video
Jul - 22nd
Unemployment will continue to go up in Southern California
Posted at 11:23 am | Filed Under California Housing Crash, The Economy, Real Estate
Another grim report of the recession in Southern California. The LA Times reports the following:
Unemployment in California and Los Angeles County will increase well into 2010, continuing to exceed the highest levels since at least the end of World War II, according to a local economist whose projections for the Southland economy are among the […]
Jul - 6th
Get ready for the next huge wave of foreclosures
Posted at 4:14 pm | Filed Under Bailout News, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This article on the LA Times web site seems to agree with what we are seeing here in Orange County, CA. Banks are getting ready to dump on the market thousands of foreclosed properties. Unfortunately, this will bring more pain for the thousands of families that will lose their homes. Our heart goes out to […]
Jul - 6th
The burst of the housing bubble hits San Francisco
Posted at 1:29 pm | Filed Under California Housing Crash, Real Estate
More signs of a collapsing economy in California. According to the SF Gate:
At least a dozen large development sites in the city’s South of Market district now sit empty or covered by asphalt because of the recession. If history is any guide, developers will either leave them fenced off or use them as parking lots.
Parcels […]
Jul - 1st
Ben Bernanke is clueless
Posted at 12:03 am | Filed Under Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Watch this video and you’ll be amazed that this guy is running our economy.
Jun - 27th
More banks keep failing - FDIC takes over 5 banks on Friday
Posted at 3:20 am | Filed Under Politics, Bailout News, California Housing Crash, Florida Housing Crash, The Economy
45 banks have gone under so far this year. According to AP via Yahoo Finance:
NEW YORK (AP) — Regulators on Friday shut down five small banks, boosting to 45 the number of failures this year of federally insured banks. More are expected to succumb in the prolonged recession.
The Federal Deposit Insurance Corp. was appointed receiver […]
Jun - 25th
More bad news for the economy: GDP tumbled 5.5% and unemployment claims were up 15,000
Posted at 10:31 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
And the bad news keep coming showing that all the stimulus in the world cannot hide the horrible state of our economy. According to CNBC:
The revised reading on gross domestic product, released Thursday by the Commerce Department, showed the economy from January through March didn’t fall as deeply as the 5.7 percent annualized decline reported […]
Jun - 24th
No more “green shoots” for new home sales?
Posted at 10:43 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
It looks like people are not buying as many new homes as Wall Street was hoping for. According to AP via Yahoo Finance:
The Commerce Department said Wednesday that sales dropped 0.6 percent in May to a seasonally adjusted annual rate of 342,000, from a downwardly revised April rate of 344,000. Sales were down nearly 33 […]
