Orange County…the land that brought you Disneyland and the popular TV shows; The Housewives of Orange County, The OC, Laguna Beach and episodes of Beach Patrol and is now a scorched earth land of foreclosures. This is the same Orange… Read More ›
Posts regarding the current housing market, how the bubble formed, how it burst and where it’s going from here.
Recent government market meddling, as you may have heard, has included extending the tax credit for first time home buyers. Joint filers (a working couple) who earn up to $225,000 are eligible for the total credit amount. We all heard… Read More ›
Click to enlarge image The chart above of the Case-Shiller Index shows that home prices were on trend in the 90’s, then the start of the housing bubble around 2008, the bubble itself, and the current correction. The problem the… Read More ›
People all over America are reporting that they’ve stopped paying their mortgage…and it’s been months…and they haven’t heard anything from the bank. The banks are letting them live in their homes, mortgage free, for months…years. “Eight months after my last… Read More ›
You guys are the people on the bottom of the picture…the ones bearing the burden of this entire government mess. Unbelievable what happened today. I want everyone out there to know…if you did the right thing…if you did the responsible… Read More ›
Continuing to put downward pressure on home prices are steadily increasing foreclosures, with no end in sight. As unemployment continues and loans continue to recast to higher interest rates, more homes will enter foreclosure further depressing prices. As these prices… Read More ›
Was away for a few weeks for work and took a short vacation. Let’s get back to it… There is an excellent post on a blog I have been following for years, the Irvine Housing Blog. The IHB has been… Read More ›