Inland Empire Real Estate News and Marginalia

During the boom years, the big banks were pushing to be allowed to add real estate office to their portfolios. That would have given them control of the market from listing to foreclosure. Lucky for the consumer, this didn't happen. This article from Diana Olick at CNBC: Short Sale 'Fraud' Follow...

If a picture is worth a 1000 words, then what does this one say? Click image for larger view We all know that a listing without any photos is less likely to be looked at by Buyers. You should always have at least 1 photo on your listings. The more photos you have on the listing the more likely it...

I was sifting through the data that I have on the local real estate market here in the Inland Empire and I started to wonder when the homes that were on the market were built. So I put together some graphs. It turns out that the homes that are on the market were most commonly (the mode for you st...

The Inland Empire continues to have strong sales numbers, relatively speaking. According to report from MDA DataQuick, and estimated 39,051 homes and condos were sold in California during the month of May. During the same period, MDA DataQuick reports that 7,548 homes were sold in the Riverside a...

The National Bureau of Economic Research (NBER) has announced that December of 2007 has the peak of economic activity. This confirms what many already felt. I recall talking with my Brother-in-law in just prior to New Years Eve in December of 2007 about this. I told him that despite the fact that...

One of the key factors of the presidential campaign this election year is the state of the Economy. Talk about tax cuts, tax increases, the rich, the poor, the middle class are abundant. The Republicans are going to save us and the Democrats are going to ruin us. The Republicans are for the rich ...

The FDIC took over IndyMac Bank on July 11, 2008. It was the 5th bank failure in 2008. Shortly after taking over Indymac, the FDIC temporarily halted all IndyMac foreclosures on July 14, 2008 as reported by Reuters. FDIC chairwoman Sheila Bair has been critical of banks and lenders for not doing ...

Leslie Pandey from Zillow wrote a post about the number of Olympians from each State. California has the highest number of Olympians that call it their hometown. I figured California would have a lot. After all, we are the largest state in population. I made the suggestion that a count might be a...