When people believe an neighborhood is immune to price declines, they bid up prices to truly remarkable levels. The high end is due for a big fall.
Asking Price: $635,000
Address: 42 Gingerwood Irvine, CA 92603
Sometimes listing pictures are really awful. At least today’s property wasn’t touted as being “light and bright.”
Asking Price: $137,900
Address: 25 Streamwood, Irvine, CA 92620
Many analysts have noted that lenders are often better off doing a loan modification with principal reduction than going through the foreclosure process. Despite this fact, lenders would rather foreclose and lose more money than do any kind of principal reduction. Why is that?
Asking Price: $692,800
Address: 33 Canopy, Irvine, CA 92603
Do housing market prices in California swing like a pendulum? It appears that way, but the forces behind the movements are entirely caused by people rather than forces of nature.
Asking Price: $492,000
Address: 4 Pendelton, Irvine, CA 92620
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Four and one-half percent interest rates create some unique opportunites, defer some big problems, and create other problems. The policy will probably save the Federal Reserve’s member banks billions of dollars, and that is all they care about anyway.
Asking Price: $425,000
Address: 97 Weepingwood, Irvine, CA 92614
It is possible to significantly lower buyer’s commissions, but it will take a change of buyer behavior to do it. Today’s post shows how this could be done.
Asking Price: $189,900
Address: 365 Orange Blossom #140, Irvine, CA 92618
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Due to the elimination of lending standards during the bubble, many unqualified buyers were brought to the market. This had its most dramatic impact on prices of small low-end entry-level properties.
Asking Price: $264,900
Address: 3204 Ladrillo Aisle, Irvine, CA 92606
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