Doctor Housing Bubble Blog Recent Blog Posts

Option ARMs Enter the Eye of the Hurricane: The $189 Billion Recast Problem Targeted Directly at the California Housing Market. Of $189 Billion in Securitized Option ARMs $109 Billion in California.
on Oct 30, 2009 in California Love alt-a banking california-equity-giants debt foreclosures housing-2009 housing-data loan modifications market analysis option arms southern-california-housing foreclosure loan mods real-estate recast It is rather clear that the housing market is muddling through.  However, nationwide there has been a spurt in activity directly related to the Federal Reserve holding mortgage rates artificially low and the very expensive tax credit.  This is a na...



Real Homes of Genius: Culver City and the Housing Stockholm Syndrome. Approximately 5 Percent of Current Home Price is related to Government Bailouts.
on Oct 28, 2009 in California Love bailout banking california-equity-giants debt housing-2009 housing-data market analysis psychology real-homes-of-genius realtors southern-california-housing bailouts consumer behavior culver city finance foreclosures housing market trends real-estate Only looking at economics for an answer to the housing bubble mania will leave you with many questions unanswered.  As in most manias, there is a large element of speculation and irrational exuberance as the godfather of bubbles Alan Greenspan once...



California Budget Solution – Ignore It. $3 Billion Financial Gap by December. State Budget Deficit Already in the Billions. Tax Revenues Collapse and Unemployment and Underemployment at 23 Percent.
on Oct 24, 2009 in California Love bailout banking california-equity-giants debt employment housing-2009 market analysis real-estate us dollar banks california budget california economy economics economy finance housing wall street Many of those calling for a housing bottom seem to ignore the state budget problems that are already showing up in California’s finances.  State revenues are collapsing.  This is important to focus on because it will leave the state with a few op...



California Budget and HAMP: Is the Home Affordable Modification Program Helping? California Tax Revenues Falter and Employment Breaks Historical Record.
on Oct 18, 2009 in California Love HAMP bailout california-equity-giants debt foreclosures housing-2009 housing-data loan modifications mortgages california budget economy employment finance foreclosure government loan modification money u.s. treasury California is still unable to find the key to job growth.  Last Friday new data showed that the California unemployment rate broke through another record coming in at 12.2 percent.  Data for August was revised upward to 12.3 percent.  Good news ri...



Real Homes of Genius: An Economic Investigation of La Mirada. Median Sale Price, Incomes, Trends, Shadow Inventory, and the case for no Price Bounce. Mortgage Equity Withdrawal Home Value from $157,000 to $570,000.
on Oct 15, 2009 in California Love alt-a banking california-equity-giants debt fha loans housing-2009 housing-data market analysis mortgage-fraud mortgages real-estate real-homes-of-genius realtors shadow inventory southern-california-housing california california housing finance foreclosures housing reo In a brilliant move, the California home builder lobby has won a $10,000 tax credit costing the state $30 million.  But there is a major caveat here.  This only applies to new home sales.  Of course the industry salivates and is falling over one a...



Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.
on Oct 1, 2009 in California Love alt-a banking california-equity-giants foreclosures housing-2009 housing-data shadow inventory southern-california-housing california default foreclosure housing real-estate The pent up inventory is getting ready to unleash in 2010.  The gigantic bet made by the bankers and Wall Street was that somehow by allowing banks to fudge numbers since the crisis started that housing would find its footing and the market would st...




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