Housing Recovery Not Until 2015
Housing market recovery
The analysis of today’s housing market in the video below, in my opinion is one of the most accurate and truthful that I have seen. Be forewarned, that if you’re a San Diego homeowner who’s expecting a snapback in your home value, I’d suggest not viewing this video because the harsh reality can be, and is, quite depressing. Read more 
Housing Starts Fall in August
New home starts fall
housing market
The Commerce Department said today that housing starts in August decreased the most since April, down 5.0 percent to a seasonally adjusted annual rate of 571,000 units. Plus, July’s starts were also revised down to a 601,000 unit pace, which was previously reported as a 604,000 unit rate.
New housing starts are now running less than one third of their rate during the housing boom. Read more
Home Foreclosures Likely to Rise
Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. Read more
Coming Double Dip For Real Estate
Real-estate attorney Stephen Meister on why he feels a double-dip recession is coming in the housing market.
Be sure to view my recent prior posts on the double dip for San Diego housing market:
San Diego real estate 2010 2nd. half outlook
San Diego home value forecast
Housing Market Forecast … Don’t Buy The Bull
housing market forecast
With may ‘experts’ saying we are nearing a bottom – is now the time to buy real estate?
A recovery is going on, and confidence will return if it is sustained … and the jobs issue will work itself out. Yes, looks like times are changing. Just one major problem …home foreclosures are accelerating as moratoriums on foreclosures, resets, and unemployment hit home owners harder and harder. Plus, commercial real estate looks like it will be a repeat of the residential real estate story. Read more