For the past three years, the American housing market has been a buyers’ market. This means that the current dominate business model within the real estate market favors buyers more than sellers. Increase in supply and limited funds for mortgage loans are the two primary factors affecting the ongoing real estate business model. Increase in […]
Category: Politics & Econ
Case Closed for Mike Gatto and Sunder Ramani
Last fall during the election for the 43rd Assembly District seat for the Glendale-area, candidates Mike Gatto (the winner) and Sunder Ramani filed allegations against each other. The Los Angeles County district attorney’s office has closed the case. Assemblyman Mike Gatto (D-Silver Lake) and his opponent Republican businessman Sunder Ramani filed complaints against each other […]
Housing Double-Dip Trouble
During the past four months, the housing market has experienced a steady decline in real property values
US Housing Prices vs. Global Housing Prices Interactive Chart
Ok, so here it is. The app of the decade. Borrowed from our brothers over at The Economist, this fully functional chart/graph allows the user to better understand the US Housing Market Crash as it relates to the rest of the world’s housing markets. The bad news is that one can’t help but notice that […]
100 Year Case Shiller Home Value Chart 1890-2011
Here’s an updated chart of how home values have changed throughout the last century along with the burst of the 2006 housing bubble. Interesting how we’re currently back to the prices equivalent to World War II.
Is Boehner about to Shut Down FHA, the IRS, and the Rest of The Federal Government?
If by midnight tonight an agreement is not made regarding the funding the federal government, many vital services will be shut down. No, this is not the apocalypse! but yes some sectors will feel the aftershocks of such action. Where JohnHart is most concerned is with FHA financing. In these hard times many people are […]
Safeguarding Your Assets
During the recent economic meltdown, many hard working Americans witnessed their assets devalued.
Making Home Affordable Program – A Steady And Slow Solution
In recent weeks, the Obama administration released data on Making Home Affordable Program. According to the 10 page report, HAMP’s participants climbed – on constant basis – to reach over 1.1 million trial modifications with 23% granted permanent modification. East Cost Homeowners top the South California in total percentage of HAMP activity. Overall, 12.2% of […]
Short Sale and Transformation of Real Estate Market:
Emerged in the last 20 years of the 20th century, short sales provided a viable solution to the 1989 Savings and Loans crisis. Similar to foreclosure crisis of 2008, the 1989 Savings and Loans crisis resulted in wide spread foreclosures and economic slowdown. In reaction, the federal government enacted new real estate regulations which opened […]
Oil Spill Real Estate
Agents along the U.S. Gulf Coast are reporting a dramatic surge in buyers backing out of deals of what used to be prime beachfront real estate.