The stalling of the California housing market – California Foreclosure Prevention Act has institutionalized a drawn out foreclosure process. 470,000 MLS listed and distressed homes in the state. California construction industry employing the same number of workers as it did in the early 1990s.
The state of California continues to grapple with the collapse of the enormous housing bubble. The Governor earlier in the week called for a special emergency session to deal with a $6 billion deficit that emerged just weeks after the state budget was signed and the ink dried. States with a large dependence on the […]
Real estate is a bad investment does not show up in Google News and other interesting housing trends – Strategic default searches went viral in 2010. Banks betting against American homeowners.
82 percent of American households have internet access. Of those with internet access, a large number are homeowners. The vast majority use Google to search for many things including foreclosure advice or investigating the real estate market. The online trends give of a sense of what is happening in the collective psyche of our country […]
Some American families are $133 a month away from Great Depression like problems – 1 out of 7 Americans receiving food assistance at an average of $133 per person.
The U.S. government is now spending roughly $5.6 billion per month on food assistance helping out 41,836,000 Americans. How bad is it for the lower economic strata of families in our economy? In January of 2007 we had 26,000,000 Americans on food assistance. The economic crisis has added 15,800,000 Americans onto the food assistance program […]
Fed extends a helping hand to Hilton Hotels and takes over malls across the country – The Federal Reserve clandestine bailout of the $3 trillion commercial real estate industry. South Florida apartment building prices down 52 percent from peak.
If you think residential real estate is having problems, you should shift your gaze to the mammoth issues confronting commercial real estate. Little is mentioned about commercial real estate (CRE) in the mainstream media yet this is a $3 trillion market (or twice the annual GDP of Texas). Much of the problems in CRE are […]