Everyone has their pet ideas for saving the housing market. Today's post analyses one of the better ideas I have seen so far.
Irvine Home Address ... 23 CALISTOGA Irvine, CA 92602
Resale Home Price ...... $799,900
As the economy improves, lenders will start to liquidate their inventory. When they do, the lending cartel will collapse, and prices will get pushed lower.
Irvine Home Address ... 63 CANYON Crk Irvine, CA 92603
Resale Home Price ...... $4,195,000
Sentiment toward owner-occupied housing is changing, and people are starting to accept that housing is not the great investment they thought it was.
Irvine Home Address ... 18 BAHIA Irvine, CA 92614
Resale Home Price ...... $594,900
The high end has benefited from a lack of supply and low sales volumes. With lenders proceeding with foreclosure faster, we are starting to see the inventory we have been waiting for.
Irvine Home Address ... 28 WOODS Trl Irvine, CA 92603
Resale Home Price ...... $2,049,900
This weekend's featured property is an REO where the lender failed to drop their opening bid and grossly overpaid for the property.
Irvine Home Address ... 88 STEPPING STONE Irvine, CA 92603
Resale Home Price ...... $519,800
Congratulations to Option ARM borrowers for costing lenders more in losses than subprime borrowers! Today's featured property is one of a number of two-bedroom condos sporting a wide range in asking prices.
Irvine Home Address ... 14 WILDFLOWER Irvine, CA 92604
Resale Home Price ...... $295,000
Home Equity Line of Credit (HELOC) abuse was a massive stimulus to our economy, and now it is one of the leading causes of foreclosure. Today, we are going to take a detailed look at this phenomenon and the implications for future lending.
Irvine Home Address ... 25 ROSE TRELLIS Irvine, CA 92603
Resale Home Price ...... $1,267,000
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