NAr: sales decline in 78% of markets and prices fall 4.5% nationwide

May 13th, 2011 by IrvineRenter 

The spring selling season is sporting sales declines in 78% of MSAs surveyed, and the prices nationally have fallen 4.5% in the last year.

Irvine Home Address ... 3101 SCHOLARSHIP Irvine, CA 92612
Resale Home Price ......  $880,000

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Posted in Library News

Strategic default rises as house prices fall, 28% now underwater

May 12th, 2011 by IrvineRenter 

Falling house prices are pushing more loan owners underwater and into strategic default.

Irvine Home Address ... 14 ROCKY Knl Irvine, CA 92612
Resale Home Price ......  $799,900

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Posted in Library News

Are government house price supports working?

May 11th, 2011 by IrvineRenter 

House price supports engineered by policy in Washington are successful in some markets and failures in others.

Irvine Home Address ... 27 RESERVE Irvine, CA 92603
Resale Home Price ......  $2,900,000

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Posted in Library News

Delinquent mortgage squatters provide $50 billion economic stimulus

May 10th, 2011 by IrvineRenter 

Delinquent mortgage squatters are spending $50 billion this year stimulating the economy rather than paying their mortgages.

Irvine Home Address ... 37 NAVARRE Irvine, CA 92612
Resale Home Price ......  $395,000

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Posted in Library News

Fannie Mae and Freddie Mac losses at $164,400,000,000 and counting

May 9th, 2011 by IrvineRenter 

Fannie May posted an $8.7 billion loss in the first quarter bringing total GSE losses to $164.4 billion so far. More losses are coming.

Irvine Home Address ... 1 SOLANA #22 Irvine, CA 92612
Resale Home Price ......  $550,000

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Posted in Library News

The Irvine housing market report from the trenches

May 7th, 2011 by Shevy 

This weekend, we have the first of what we hope are many more market reports from Shevy Akason.

Irvine Home Address ... 4981 CORKWOOD Ln Irvine, CA 92612
Resale Home Price ......  $849,000

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Posted in News

Sell now or be priced in forever

May 6th, 2011 by IrvineRenter 

Most owners contemplating selling resist the idea in a declining market. Today's post looks at the arguments in favor of selling now as opposed to waiting.

Irvine Home Address ... 2 VERNAL Spg Irvine, CA 92603
Resale Home Price ......  $3,395,000

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Posted in Library News
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