Mortgages

The collapsing prices in Irvine condos – two zip codes see year over year price drops of 40 percent. Shadow inventory in Irvine is bigger than non-distressed MLS inventory.

By stop network ⋅ April 23, 2012 ⋅ Post a comment

The condo market in mid-tier locations is in the middle of a major correction. It is surprising to see the velocity of how quickly prices are falling in some of these condo markets. Today we will look at Irvine and their condo market since it provi…

The other CA bubble – Canadian housing bubble ripe for popping. Vancouver real estate increased by 142 percent from 2002 to 2011. Average detached home in Vancouver costs roughly $1 million while the median household makes $67,000 per year.

By stop network ⋅ January 16, 2012 ⋅ Post a comment

In the last few years I’ve noticed that many of the cable finance and housing shows highlight families in Canada. Shows that talk about debt or home buyers are usually focused on families in Canada which is rather odd given that we are here in Sout…

5 charts exploring the financial quicksand that real estate is stuck in for 2012 – Public debt now larger than GDP, entitlement challenges, post-bubble lows for housing, two lost decades for income, baby boomer demographics not looking positive for real estate.

By stop network ⋅ January 2, 2012 ⋅ Post a comment

As we look into 2012 we have much to be hopeful for but real estate is not a sector to pry into if you are expecting a rosy and sunny projection. Real estate boomed because of easy access to what appeared to be an unlimited supply of debt. Archimed…

Trifecta of keeping the housing bubble inflated in pocket markets –Senate votes to reinstate big loan limits, pushes visas for wealthy foreign home buyers, and artificially slams rates lower to hammer savers.

By stop network ⋅ October 26, 2011 ⋅ Post a comment

It should be abundantly clear and obvious that the government and Wall Street want nothing more than to keep home prices inflated and are sticking out a giant middle finger to the majority of Americans. You might have missed the glorious news that ou…

Lies, Damned Lies, and Shadow Inventory. Shadow inventory may be improving on a nationwide scale but not for California – Notice of defaults rise approximately 70 percent in latest month of data. Beverly Hills shadow inventory nine times the size of MLS public foreclosures.

By stop network ⋅ September 28, 2011 ⋅ Post a comment

You have an interesting dynamic unfolding in the United States. Recent data shows that the shadow inventory figure is starting to decline nationwide. However in high priced markets particularly in California there is little movement in the shadow i…

5 reasons why falling home prices will be good for the economy – Higher homes values does not mean higher home equity, financial sector profits back up to 30 percent of all corporate profits, the mortgage debt equation.

By stop network ⋅ August 29, 2010 ⋅ Post a comment

A recent report shows that 11 million homeowners with a mortgage are underwater with a deep red line item on their household budget. Add into the mix those with less than 5 percent equity and we realize that 28 percent of all “homeowners” are eit…