Recession Is Spawning A Group Of "Newly Poor" People Within San Bernardino County
An eye opening article was just published, referring to an onslaught of people that are being referred to as the "Newly Poor". Gary Madden, the director of San Bernardino County 2-1-1, states this...."We're on track for about 70,000 calls this year for people needing...
My Homes Not Only Depreciated in Value…The Neighborhood is NOT What it Used to Be!
Something to think about when your trying to figure out how to keep that beautiful home you purchased a few years ago. If your like most homeowners, when you purchased your home, you placed a good chunk of money down on a beautiful home in your desired neighborhood. ...
California Foreclosure "Shadow Inventory" between 80,000 & 100,000 Homes. Can It Get Any Worse?
Shadow inventory is the number of foreclosed homes not currently on the market. What this means is that when this foreclosed inventory is unleashed, prices will be pushed down much further than projections estimated. Current estimates are a continued drop of 10 to 30%...
Home Prices expected to decline according to Analyst….IE watch out!
Hot off the press…According to the senior director of market economics and risk analysis for Walnut Creek-based PMI Group Inc., a mortgage investor insurance firm, was commenting during an interview Monday about PMI's recently-released report on home prices. La Vaughn...
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