Housing prices in November 2011 remained level or dropped by 1-2 index points in all three home-pricing tiers in California’s three largest cities, according to the Case-Shiller price indexes (shown below). Pricing for high-tier homes has remained mostly flat and weak throughout 2010 and 2011, after a brief “dead cat bounce” rise in mid-2009. Average [...]
This article looks at home sales volume through and beyond the current recovery.
2010 2009 2008 Estimated Pop. Aged 25-34 5,317,877 5,204,067 5,290,256 SFR Construction 25,502 25,454 164 Apt/Condo Construction 19,423 10,967 161 Chart last updated 7/10/11 Data courtesy of the Construction Industry Research Board (CIRB) and the US Census Bureau All forecasts are made by first tuesday based on current data, influential factors and market trends. This [...]
A digest of recent court cases affecting real estate.
This article explores the failure of Congress to grant bankruptcy courts the authority to save homeowners from foreclosure.
Real estate related issues pending before the United States and California Supreme Courts.
This article analyzes the due diligence investigations by a mortgage loan broker (MLB) into a trust deed note available for purchase by his trust deed investor.
Get your buyer the best financial advantage – Submit multiple loan applications and compare
California’s supply of previously-owned single family residences (SFRs) sank to a five-year low of 3.8 months in January 2010, down from 5.8 months a year ago. When compared to the January 2008 supply of 16.6 months, this particular statistic points to a California real estate recovery. Or does it? The “months of supply” is merely [...]
Statewide, 41,837 homes were sold in December, up 16.7% from November, and up 10.6% from one year ago. 22,328 of these homes were sold in Southern California (So Cal), up 16.4% from November, and up 12.1% from one year ago. The statewide median price paid for the phantom median-priced home was $264,000, up 1.1% from [...]
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