“When will California see peak housing prices again? According to Moody’s, not until 2030.” “The housing market has further to fall and will not bounce back to prior levels for a long, long time. Sorry everyone. Sorry.” “I know many people with kids feel they have to own a house. But for me I will [...]

Who knew that the rock group The Band saw the housing crash coming way before anyone else? Found on the Real Estate Video blog.

The prolonged recession has made the potential loss of a home a painful reality for millions of formerly comfortable owners. Today, the Mortgage Bankers Association released more unwelcome news on that front: A record-high 13% of mortgage holders are either behind on their payments or in foreclosure. That’s a scary number of people facing an [...]