Well, well, well look what we have here O.C investors!!!
“Orange County‚Äôs housing market speed ‚Äî by one measure ‚Äî quickened 8.2% in the past two weeks and sped up 48.8% in a year.”
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I doubt any of you are surprised to know this. I think the ghost town developments & short sale signs are pretty obvious. “More than 2 million California households owed more on their homes than they were worth in the fourth quarter of 2011, with the state ranking sixth in percentage of households that were ‚Äúunder water,‚Äù the latest CoreLogic report shows.”
With all the backed up inventory are we suppose to be surprised? Didn‚Äôt think so‚Ķ “A measure of homebuilder confidence remained flat in March, staying at its highest level in four years but still well below a healthy reading.”
I don‚Äôt see a clear end to any of this in the near future. “Households shed mortgage debt each month for more than one year now, but the deleveraging has yet to end, according to Fannie Mae Chief Economist Doug Duncan.”
“WASHINGTON (Reuters) – Housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.”
What did you get from this article? I got the same darn thing I get from reading nearly every article‚Ķblame the banks! Blame the foreclosure delays! Hopefully they learned an important lesson to pass on to the future after seeing the foreclosure fraud investigation verdict & penalties!!! “If you’re waiting for home prices to go up, then you’re missing signs the troubled housing market has finally turned around.”
At this point, I think “steady” is good. Don’t you? “U.S. home builders’ confidence in the housing market held steady in March after five consecutive monthly gains, keeping sentiment at the highest level in nearly five years as the industry slowly regains its footing after a devastating bust.”
“U.S. home builders‚Äô confidence in the housing market held steady in March, halting five consecutive monthly gains and raising questions about the strength of the housing recovery.”
“NEW YORK/STOCKTON, California (Reuters) – For decades, Stockton, California suffered a civic inferiority complex. Los Angeles had celebrities and sunny beaches. San Francisco was awash in tech futurism and post-pubescent billionaires. Stockton was the polyester, buy-generic cousin, a dingy commercial hub for Central Valley farms that was just far enough from the San Francisco Bay area to be an irrelevance for the state’s coastal elites.”
“The traditional American dream is to have a home, a house, an abode. Whatever you call it, your residence represents stability, maturity, and financial growth. At the end of a long day in the trenches, Americans always count on relaxing at home. The 2008 economic meltdown during the new millennium changed this scenario. Many parents watch as their children‚Äôs homes are foreclosed, downsized, or subsidized with multiple mortgages. The era of huge houses, living up to the neighbors‚Äô standards, and purchasing on credit are gone.”
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