Random Feed wrote an interesting post today on
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The shadow inventory is probably one of the most pressing issues determining the future of real estate prices. In recent weeks, mostly those with close ties to the real estate industry, have started having faith in the banking industry that somehow incompetent banks that wouldn’t know a loan modification if it bit them in the rear are going to somehow systematically pump out real estate in an orderly fashion. Really? This of course is based on their tiny subset of localized information. I’

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Some people would like to believe that the outstretching tentacles of green shoots will all of a sudden resurrect the California housing market. You have people focused on the Westside of Los Angeles with eagle eyes waiting for their moment to pounce on their prized 900 square foot piece of property. Something over the last few months has shifted and people are jumping back into the housing game. That something was a pause in the financial Armageddon that was leading us to Mad Max territory

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Much was made on Tuesday that the Case-Shiller Index showed a positive increase for the first time in many years. This of course was for nationwide data and did not take into account seasonal adjustments. However, there is noticeable change going on. Yet the Los Angeles and Orange County data point was still trending lower. Not exactly good news as we look into the exotic mortgage zoo with our Alt-A and option ARM waste . On Monday, the big jump in home sales was led by the median price d

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Most people have a difficult time conceptualizing the magnitude of the housing problem. I hesitate to call it a housing problem since we do have homes, plenty of them actually. At the root of it all is we have an affordable housing issue. The bubble simply exaggerated the problem where it became too large to manage. Folks keep hearing about companies losing billions and bailouts reaching into the trillions. Some choose to ignore the crisis and some wallow in it too much causing psychologica

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