Banks ignoring foreclosure in wealthy housing markets – Beverly Hills MLS...
2012 was a flashback to 2005 real estate. Bidding wars, flippers, and hungry investors all diving into the market with many purchasing homes without fully analyzing the numbers. There is a very...
View ArticleVelocity of home price increases and leverage for Los Angeles and surrounding...
One of the best measures we currently have for tracking real home price changes is the Case Shiller Index. The reason this measure is one of the best is that it examines real changes on repeat home...
View ArticleCalifornia housing inventory disappears into the sunset: Large metro areas of...
Since 2009 all cash buyers have purchased roughly one third of all Southern California home sales. This is a significant number and unlike the early 2000s, many of these buyers are looking to hold...
View ArticleIrvine real estate and a case study of tightening inventory: A deep analysis...
The housing market is continuing the trend from 2012 with home sales picking up and inventory disappearing into the sunset. Today I wanted to dig deep into a high in demand area in Orange County,...
View ArticleThe rush to buy: Dropping contingencies on offers, thinking equity went up in...
Stated income loans? No contingencies on offers? My equity just went up 10 percent in the last month? These are some of the current conditions in the California housing market. A couple of...
View ArticleThe broke versus all cash buyer: Over 56 percent of Southern California home...
As I dig through the monthly data on home sales, one trend continues to intrigue me when it comes to California housing. Call it the broke versus the big cash buyer. For example, over 23.2 percent...
View ArticleLos Angeles County has 12,700 distressed properties with loan-to-value ratios...
One of the biggest predictors for future foreclosure is negative equity. In the current housing market, it is hard to tell how many people are still in a negative equity position. The challenge of...
View ArticleHypothetical family goes shopping in low inventory California housing market....
Housing inventory in California is back to levels last seen in the late 1990s and for certain areas, the hunger to purchase is intense. Regular buyers are competing with an entirely new ballgame of...
View ArticleGentrification of Southern California: Price-to-Income charts and mortgage...
One of the recent interesting studies that came out from the Census revolved around long commutes. The study found that 8.1 percent of Americans have one way commutes of 60 minutes or more. More...
View ArticleThe Frenzy is back: Low inventory creates bidding wars and mania for...
The housing mania is definitely back in California. Low interest rates are one thing but those that are out in the market to buy are finding it tougher and tougher to contend with all cash buyers and...
View ArticleDoes shadow inventory even matter in Los Angeles County? Non-distressed...
The housing market continues to face a few trends in 2013. Low inventory, higher leverage because of low interest rates, and high demand from investors. Take for example the share of foreclosure...
View ArticleA glimpse at the Irvine housing market and global gentrification: Investor...
One of the more challenging pieces of data to come by is financial characteristics of those who own their home. Most data aggregates renters and homeowners together and in California, where nearly...
View ArticleLong live the rally in California home prices: How much momentum does the...
However you want to slice it, median or repeat same home sale prices the price of a home in California went into the stratosphere over the last year. The psychology has now shifted to full fledge...
View ArticleThe inventory is coming back just not in manic areas – at least not today:...
The good news for our inventory starved nation is that supply is indeed increasing. The trend is positive this year and it is starting to look like we reached a bottom when it comes to the lack of...
View ArticleThe last to the party: Investors and flippers competing for small amount of...
The data coming out on home prices is rather clear. Home prices are moving up steadily in the last year now increasing at a rate last seen in 2006. Of course, little of this is coming from wage...
View ArticleJumbo loans, all cash investors, and slow population growth: The...
Only in Southern California will you have someone moan about making six-figures while driving their European financed car and not being able to “live well” while the weather is near perfect all year...
View ArticleLifestyles of the Los Angeles flippers: Big money being invested in flips....
It is no secret that investors are pouring money into the real estate game. What is interesting is the kinds of investments being taken on are highlighting a bolder more aggressive approach. For...
View ArticleWhere is the real estate inventory in Los Angeles? With prices rising, where...
One of the oddest things about this current housing market is the dwindling amount of supply. For areas like Los Angeles and nationwide, total housing supply has been on a downward trajectory since...
View ArticleThe inflection point of all cash buyers in Southern California: Drop in all...
There has been little information on the makeup of the all cash buyer in Southern California. Sure, we know that for the last few years hedge funds have been swooping in on markets in Arizona and...
View ArticleFlipping in Pasadena: Inventory increasing in Southern California while...
The housing market is now fully out of control in California like a rising Hollywood actress. People are stomping over one another with cashier’s checks falling out of their back pockets to purchase a...
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