In a couple of weeks, California goes broke. Our Ponzi Scheme economy has collapsed, and the State must adjust to a new budget.
Asking Price: $949,900
Address: 2 Flora Spgs Irvine, CA 92602
We are seeing more discretionary sellers with significant equity trying to exit the market. Is this the beginning of capitulation?
Asking Price: $329,900
Address: 1306 Terra Bella Irvine, CA 92602
Read the rest of this entry »
Can the zealots of Irvine support house prices throughout this crash? Can the belief in price crash immunity be a self-fulfilling prophecy?
Asking Price: $499,000
Address: 43 Leucadia #76 Irvine, CA 92602
Read the rest of this entry »
Not a short sale? Yes, if you raise your asking price enough, a sale would cover your mortgage debt. Now if you could only find a buyer….
Go check out an interview with me at the Irvine Homes Blog (Blogger: Irvine housing market nowhere near bottom).
Asking Price: $729,000
Address: 56 Oakdale Irvine, CA 92604
Rising interest rates will be the end of our Spring rally. Transaction volumes will fall first, and prices will fall later.
Asking Price: $399,000
Address: 157 Lockford, Irvine, CA 92602
Read the rest of this entry »
2003 Rollbacks are the leading edge here in Irvine, and they are becoming much more common.
Asking Price: $299,900
Address: 123 Huntington, Irvine, CA 92620
Make sure you check out this post over at Huntington Homes.
Read the rest of this entry »Due to the foreclosure moratoria, overwhelmed REO departments and a reluctance to take losses on bad loans, the foreclosure and disposition process is taking much longer than it should. In the interim, homedebtors facing foreclosures get to live rent-free in $1,000,000 properties.
Asking Price: $995,000
Address: 25 Rose Trellis, Irvine, CA 92603
Read the rest of this entry »
Irvine Housing Blog © 2006-2009 All Rights Reserved | Privacy Policy | Disclaimer
Ideal Home Brokers Lic. 01865945 | Larry Roberts Lic. 01868521 | Shevy Akason Lic. 01836707 | The IHB Group at Evergreen Realty Lic. 01814506