Posts Tagged ‘california’Keepin’ It Real Estate: A Tale of Two MarketsBy ANDREW JEFFERY This post first appeared on Minyanville. Increasingly, US real estate is becoming a tale of 2 markets. In low-income neighborhoods, overbuilt suburbs, and other areas besieged by foreclosures, home sales are through the roof. Data released this week by MDA Dataquick, a real estate information service, show December 2008 sales in Southern California’s [...] Keepin’ It Real Estate: Chinese Investors Smell Blood in CaliforniaBy ANDREW JEFFERY This post first appeared on Minyanville. Speculators have been flocking to California for centuries. Gold, computers, absurd dot.com start-ups, real estate - if it’s an asset, it’s probably boomed and busted in the Golden State. The bursting of the latest bubble — real estate — is still in progress, as foreclosures push up [...] Housing MisconceptionsThis post first appeared on Minyanville. Washington is currently trying to sell the American public that its $700 billion bailout plan will help put a floor under falling home prices. And while the debate will rage over whether this is a good or bad thing, its not even true. The most beaten down real estate [...] Housing Inventory Eases, But No Recovery In SightThis post first appeared on Minyanville, and our sister site, Dawn Patrol. Another month, another attempt to use a single data point to foretell the bottom in the housing market. On the same day the Case Shiller Home Price Index reported the fastest drop in home prices on record (again), the Wall Street Journal released [...] House of the Day Results: Falling Over FallbrookClick here for details on this House of the Day Value: $250,000 Projection: Depreciating Fallbrook is located in Eastern San Diego County, just south of Temecula along Interstate 5. The city and the surrounding area are being adversely effected by the economic slowdown, as much of the growth in the area was due to new [...] California, New York Lend a Hand to Struggling BorrowersThe real estate and mortgage industries are busy battening down the hatches for the inevitable tidal wave of regulatory reform. Meanwhile, Housingwire.com reports government officials are already hard at work trying to outdo each other as the protector of the “everyday common household victim” of our “national crisis.” Two illustrative examples of regulatory restructuring have [...] |