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 - 16th
Foreclosures keep increasing
Posted at 1:11 pm | Filed Under Bailout News, The Economy, Real Estate
The housing market keeps getting worse. According to CNBC:
The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.
The mushrooming foreclosure crisis affected more than 1.5 million […]
Jul - 15th
The high-end of the real estate market is collapsing
Posted at 2:39 pm | Filed Under Bailout News, The Economy, Real Estate
We told this would happen. We are seeing sellers of high end homes throwing the towel and lowering their asking prices. All over the nicest parts of California, houses selling for more than 1 million dollars are sitting on the market with no offers and therefore, sellers have no choice but to lower the price. […]
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 - 2nd
The New York City real estate market is starting to collapse
Posted at 11:28 pm | Filed Under The Economy, Real Estate
This from CNBC:
Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
But the Manhattan market dropped precipitously as Wall Street and the rest […]
Jul - 2nd
Home prices will continue to fall
Posted at 11:25 pm | Filed Under The Economy, Real Estate
CNBC reports that:
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.
“While the early signs of improvement are in place for housing, the market will likely remain out […]