Relevant:
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- Nationwide Home Sales Collapse: There Is No Recovery and This Chart Proves It
- Can the young save the California housing market? 5 demographic trends impacting the California housing market from 2010 to 2020.
- The stalling of the California housing market
- Foreclosure Resales Boost Existing Home Sales
2009-09-10 — financemymoney.com
"We are already seeing some creative methods of keeping distressed homeowners in their home while banks halt off writing down any losses. Seamless short sales and rent-backs are creeping into the system. Our government has already made it abundantly clear that they will bailout banks to sums much larger than many would expect. So recovery is off the table for California housing in 2010. But whether the market crashes further or stabilizes is yet to be seen."
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