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Most Recent Articles:
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Deflation with Inflation: No Recession, but Depression? "06.15.08 .. in order to survive, we will be forced to become a fascist aggressor or a socialist state. With the failure of Iraq, the latter seems more likely..."
.. Bank of America & Countrywide: A signal of a housing bottom? The lender will once again have the position of strength....
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Next for the Economy: The Greatest Bull Run in History? An analysis of the stock market and economy since the Bear Stearns incident in March '08...
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No Recession, but Deflation? The March '08 UCLA economic report so far is 'right on target.... .... ..
The UCLA Anderson Forecast Highly Recommended! ... Most Recent Articles: .. The Schizophrenic FED Gambit .. Bearish on Housing, Bullish on Stocks ..
Analysis of California Bank Earnings Highly Recommended!
Featuring Riverside County Commercial Riverside County homes Riverside County MLS Riverside County land and Riverside County real estate
. Q2 2008 5-17-08:- Riverside-San Bernardino Tops the list Home Page
Riverside-San Bernardino tops the list: Of areas most likely to lose value this year: according to AOL.com real estate Forbes.com.The top 4 are listed as:
#1 Riverside- San Bernardino -23%#2 Sacramento -23%
#3 Orlando, FL -19%
#4 San Diego -18.7%
So the conclusion here is that AOL/Forbes thinks California still has 19% to 23% more downside, at least. With the current economic circumstances, I have to agree: Thus the first thing you see on this website is "Hold. Do not buy yet."Ominous chart to be topping for the Inland Empire. 23% is major: that includes all those 20% down fixed rate mortgages this year; not to mention the fixed rate loans on property in the past 2 years is now certainly under water. I've basically preached this for the last several months here about the fixed rate mortgage risk.
And I thought Vegas was pathetic: They only came in at #6. Housing is in bad shape now: and that doesn't mean recovery is near...it just means "bad". This year will be tough, we may see those fixed rate "walk aways" very soon now.The one positive thing we can conclude is that the Riverside-San Bernardino area may be closer to its bottom than other areas; but this is speculation. There will likely not be rapid price appreciation to make up for losses, there is no way of knowing when the foreclosures and inventory will decrease, and when small bank earnings will improve.
All articles written by The Sniper
© 2008 Realtech Partners, Inc. All Rights Reserved. Email
Click here for quick California bank earnings and foreclosure rate updates ---> Analysis of California Bank Earnings
**ARTICLES** Most recent listed last
. Q1-Feb 10 '08: - The Perfect Storm of Economic Downfall Q2- '08: So what do we do now? . .. Q1-Feb 21 '08:- The Counter Intuitive Market Force: But Housing is the Exception Q2- '08: Analysis of CA Bank Earnings . ... Q1-Feb 21 '08:- The 5% Income Rule Q2- '08: Riverside-San Bernardino tops the list... . ... Q1-Feb 21 '08:- A Compelling Argument for Alternative Investments Q2-'08: Bank of America & Countrywide: A signal of a housing bottom? . ... Q1-Feb 26 '08: True Market Analysis, or Self Interest? Q2 2008: Deflation with Inflation: No Recession, but Depression? . Q1- '08: No Recession, but Deflation? . 3.17.08: Next for the Economy: The Greatest Bull Run in History? Q2- '08: The Schizophrenic FED Gambit .. Q2- '08: Bearish on Housing, Bullish on Stocks
Realtech Partners, Inc. - © 2008. All Rights Reserved. Email
DISCLAIMER: Not associated with any city, county, civil entity, or government body. No warranties are stated or implied. Use at own risk. External web sites are not endorsed. Users agree to all terms. These articles merely reflect the opinions of this author and are by no means a guarantee of future economic conditions. Though the author strives to provide accurate and relevant data, he sometimes relies on external sources and cannot assure the reader of the accuracy contained within. Additionally, these articles are provided for information purposes only and are not meant to provide investment advice to anyone. Please consult with your professional financial planner for investment advice.
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Q2 '08: - Oil and war speculation ".. the markets have reacted to oil price surges driven solely by speculators, and a preemptive strike possibility that has not even occurred...." ..
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Featuring Riverside County Commercial Riverside County homes Riverside County MLS Riverside County land and Riverside County real estate ..
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