Californië-gelijkheid-reuzen

Het maken van voorspellingen is netelige zaken. Vraag enkel om het even welke politieke expert of econoom hoe gemakkelijk het de toekomst moet voorspellen. Maar toch hebben wij genoeg huidige gegevens uit veelvoudige bronnen om ons een stevig idee dat te geven de verhinderingen, uiteindelijke finality aan huisvestingsnood een probleem voor aanstaande zullen blijven […]

Wanneer Californiërs zeggen zijn de huisvestingsprijzen krankzinnig en behoren in een geestelijk asiel dat omhoog in een recht jasje wordt verpakt, zijn zij gewoonlijk correct. Zelfs aangezien vlug correcte huisvestingsprijzen wij zo aan het leven met een bos van crazies worden geconditioneerd dat velen eigenlijk beginnen om huidige prijzen te denken houd wat steek. Dit […]

There seems to be a crescendo rising from the Southland that we are now nearing a market bottom in real estate. The argument goes a little something like this: prices have fallen significantly, inventory is still at peak levels, and rates are still historically low that the water is now warm for any […]

A reader sent in a fascinating story from the L.A. Times (hat tip Exit) discussing the impact of the housing market on plastic surgery. If you’ve noticed recently that people are looking less like Hollywood stars and more like average folks, you can blame it on the disappearing equity. Here in Southern California […]

California, the epicenter of the housing bubble is facing difficult times. It is becoming rather apparent that this housing bubble has the risk of causing a worldwide recession. It is hard to imagine until you look at the facts how this bubble got out of hand so quickly. The foreclosure problem is […]

Bureau of Labor Statistics’ year-end data shows that the cost of living in a home, or housing inflation, fell both regionally and nationally last year. Housing inflation, which accounts for 46% of the Consumer Price Index math, includes home-operating costs from rent to energy to furnishings to insurance, but not purchase costs.
In SoCal, […]

What the Fed was thinking when it cut the Fed Funds rate by a half percent to 3% on Jan. 30, according to the meeting minutes …
a relatively low real federal funds rate now appeared appropriate for a time to counter the factors that were restraining economic growth, including the slide in housing activity and […]

Here’s what investment advisor Clyde Kendzierski from Orange wrote in his 70% Solution newsletter …
It will be several years before the current housing surplus is absorbed. Although nominal home prices will eventually bottom, inflation is likely to outpace home prices for decades to come. The idea that a home is your best long term investment […]

More news today points to a softer local rental market. The January Consumer Price Index report for LA-OC-Riverside showed the cost of renting a residence increasing at a 5.9% annual pace after hitting 6% or more for four months.That was also an improvement for renters over January 2007, when rents spiked 6.2% over the previous […]

The National Association of Home Builders and Wells Fargo Bank just published a regional housing affordability index that ranks O.C. as the nation’s fifth least affordable housing market, with just 8.4% of the O.C. homes sold in the fourth quarter “affordable” to a buyer with a median local income. (Assumptions? Buyers spends 28% of […]