Dear Government Officials and Economic Policymakers: Every American Doesn’t deserve to be a Homeowner.
Dear Government Officials and Economic Policymakers: I think many responsible Americans are thinking why is it such a necessity or right to make every American a homeowner? Homeownership has become somewhat of a third rail in economic policy and political talk. If you really think about it, not every person deserves or can own a […]
California Housing Prices Down 41%: Examining the Summer Selling Season and Future Trends
What a difference a year makes. In May of 2007 the median price for a California home was $595,000. Today the median price stands at $350,140, a drop of 41% from the peak. The drop in itself is stunning but what is more amazing is the speed in which this correction has occurred. The previous […]
Total California Housing Inventory 159,898: Or is it Higher? Foreclosures and Playing with Actual Inventory Numbers.
Many readers to this site know that I am fascinated with trying to get an actual overall housing inventory number for the state of California.  Conflicting reports, REOs, and inventory that doesn’t show up on the MLS makes it very difficult to get a handle on what is going on in the market. We do […]
You Cannot Afford a $350,000 Home with a $75,000 Household Income!
You would think that before people make the largest financial decision in their lives, they would do a monthly budget first. Yet during this past decade budgets were hardly brought to the forefront and were pushed to the back of any financial decisions. The new definition of housing affordability should include the idea of maintaining […]