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Housing News - Southern CA

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Southern California Housing Market Report
Aug 08, 2007 -- The Southern California housing market is still in the midst of a correction. Home sales are at a 14 year low and median home prices are falling in Riverside, San Diego and Ventura.
C.A.R. Misrepresents California Home Affordability
May 18, 2007 -- The California Association of Realtors recently reported the percentage of California households who could afford to purchase an entry level home. While the C.A.R. reports this number as 25 percent, in reality, the number could be much lower.
Stagnation in the Orange County Housing Market
Apr 02, 2007 -- Known for being the most expensive housing market in the southern California region, Orange County is in the midst of a downturn. Median prices are declining, and sales activity is well below normal. The stagnation in the Orange County housing market has some worried that the trend will continue throughout 2007.
83 Percent of San Diego Homebuyers Used ARMS in June 2005
Jun 05, 2007 -- The dreaded two-year ARM reset is about to hit everyone in the nation who took out an ARM to finance their home purchase in June of 2005. For San Diego County, where an estimated 83 percent of buyers took out an ARM, the anniversary is likely to bring payment shock and foreclosures.
California Home Prices Predicted to Decline in 2007
Oct 20, 2006 -- It looks like soaring home prices in California are about to be grounded. The California Association of Realtors expects home prices to decline in 2007 as sales continue to slow.
More Trouble in the California Housing Market
Oct 19, 2006 -- Housing markets across the nation have been cooling rapidly. Over inflated markets like those in California seem to be taking the hardest hit. New reports reveal that everything from defaults to rent prices are increasing.

August 2007

Southern California Housing Market Report
Aug 08, 2007 -- The Southern California housing market is still in the midst of a correction. Home sales are at a 14 year low and median home prices are falling in Riverside, San Diego and Ventura.
View more articles from 'August 2007'...

June 2007

Southern California Home Sales Plummet 34 Percent
Jun 14, 2007 -- According to the latest statistics, Southern California homes are selling at the slowest pace in 12 years. There was a 34.4 percent decline in sales during the month of May compared to the same time last year. Median prices also declined in several SoCal areas including Riverside, San Diego, and Ventura.
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May 2007

C.A.R. Misrepresents California Home Affordability
May 18, 2007 -- The California Association of Realtors recently reported the percentage of California households who could afford to purchase an entry level home. While the C.A.R. reports this number as 25 percent, in reality, the number could be much lower.
View more articles from 'May 2007'...

April 2007

Stagnation in the Orange County Housing Market
Apr 02, 2007 -- Known for being the most expensive housing market in the southern California region, Orange County is in the midst of a downturn. Median prices are declining, and sales activity is well below normal. The stagnation in the Orange County housing market has some worried that the trend will continue throughout 2007.
View more articles from 'April 2007'...

March 2007

Median Price Watch: San Diego, CA
Mar 30, 2007 -- After experiencing drastic appreciation, San Diego housing has started to cool. Median prices dropped throughout the area during the month of February. Central San Diego, East County, and North County Coast saw the largest declines, but home prices seemed to drop almost everywhere in the San Diego Area.
View more articles from 'March 2007'...

October 2006

California Home Prices Predicted to Decline in 2007
Oct 20, 2006 -- It looks like soaring home prices in California are about to be grounded. The California Association of Realtors expects home prices to decline in 2007 as sales continue to slow.
View more articles from 'October 2006'...

U.S. Housing Inventory Climbs to Record Level, Home Prices Fall

-- Recently released housing data indicates housing inventories across the country are swelling out of control. The excess inventory is putting downward pressure on home prices in Los Angeles, Miami, Chicago and many other U.S. cities.

37 Percent of September Job Cuts Connected to Housing Industry

-- As the housing slump deepens, more and more people are finding themselves out of work. Mortgage companies made the most job cuts in August and September, and more are expected in the coming months.

Fed Rate Cut Will Not Solve Problems in Housing

-- In a panic-induced move, the Fed made the decision yesterday to cut the target for the fed funds rate by 50 basis points. The action was meant to forestall the adverse effects of the current credit crunch and housing downturn, but will in fact do very little to save housing.

The Coming Housing and Dollar Collapse: Interview with DollarCollapse.com

-- We continue our series of national housing expert interviews by chatting with John Rubino. John operates the finance site ''DollarCollapse.com'', and has published several books on real estate and investing. In this interview, he gives advice on surviving in today's housing market, offers a guess on when housing might hit bottom, and details the coming collapse of the U.S. Dollar.

Mortgage Fallout: Interview with Housing Wire

-- Next up in our series of interviews conducted with housing experts both regional and national, we have an interview with Paul Jackson. Paul, who works in the mortgage banking industry, also runs the popular Housing Wire Blog.

A Tip on How to Make Money in a Housing Downturn: Rent

-- There are many books and articles out there that tell you how you can profit from the real estate bubble. Some of them suggest you buy foreclosures in depressed areas; others say that commercial property is the way to go. But if you really want to make money during a housing slump, the easiest and most profitable thing to do is rent.

Critics Claim Mortgage Giant Countrywide Played a Huge Role in Housing Crisis

-- Mortgage company Countrywide Financial is now under fire for the role that they played in the ongoing housing crisis. Critics accuse this mortgage provider of having engaged in questionable lending practices in order to extract maximum profits. Countrywide CEO Angelo Mozilo, who has dumped his own stock, responds to the charges.