Westside Bubble

Sorry for the long silence. If you're following the Westside real estate market you know the story: very tight inventory and multiple offers above asking price on those properties that become...

http://westside-bubble.blogspot.com/2014/05/spring-2014-inventory.html

The story of extremely low inventory continued on the Westside for the first quarter of 2012 for Santa Monica less than $3 million and the Westside in general (BLUE BARS).

http://westside-bubble.blogspot.com/2013/03/1q-2013-inventory.html

  The big story for 2012 was MUCH LOWER MLS INVENTORY NUMBERS throughout the year, for both Santa Monica less than $3 million and the Westside in general (the ORANGE bars). Anecdotally d...

http://westside-bubble.blogspot.com/2013/01/2012-inventory-wrap-up.html

Nice interview with Calculated Risk's Bill McBride on Business Insider  (h/t Paul Krugman ). CR/Bill was an icon to a lot of us back when (you know you were one if you recoginze his origina...

http://westside-bubble.blogspot.com/2012/11/calculated-risk-interview.html

Paul Krugman posted this chart today that really says it all. > Greg Sargent is rightly outraged by Romney’s claim that Obama is a > job destroyer ... Does this look to�...

http://westside-bubble.blogspot.com/2012/01/krugman-obama-romney-jobs.html

Ah, Redfin . I used to manually track and report listings and subsequent sales for Santa Monica 90402 and 90405 . Now it's as simple as putting a zipcode into Redfin, selecting sales within ...

http://westside-bubble.blogspot.com/2012/01/low-end-90402-and-90405-sales-in-2011.html

Completing statistics for the end of 2011, the October S&P/Case-Shiller , is CONTINUING DOWN in both Los Angeles and the 10-city Composite. Los Angeles is DOWN 39.6% from its September 2006...

http://westside-bubble.blogspot.com/2011/12/s-october-and-dataquick-november.html

Wrapping up 2011, here are year-end MLS inventory numbers for Santa Monica and the greater Westside. In general they're running a bit below the last two years for the second half of 2011, exc...

http://westside-bubble.blogspot.com/2011/12/december-2011-inventory.html

The lead story in the LA Times today, "Obama shifts his message on economy ", featured this quote on the inside page: > In a Wall Street Journal column Thursday, KARL ROVE, the forme...

http://westside-bubble.blogspot.com/2011/12/someone-elses-responsibility.html

I'm certainly not the first to fear that policies in the aftermath of this bubble will create another one. Today's LA Times "Conditions are ripe for reprise of real estate schemes and fraud " (Ke...

http://westside-bubble.blogspot.com/2011/12/next-bubble.html

Remember the calls for prosecution of those who caused the housing bubble and crash? Especially Keith on the late, great Housing Panic blog calling for "perp walks"? It's finally happening i...

http://westside-bubble.blogspot.com/2011/12/nevada-gets-tough.html

The LA Times yesterday supported our expectation that the unwind of the housing bubble still has a long way to go. Under the upbeat title "Fewer loans going bad " the opening paragraphs say it:...

http://westside-bubble.blogspot.com/2011/11/over-half-yet-to-go.html

Told you I've been keeping my Westside MLS Inventory counts going. Here are numbers for Santa Monica and the greater Westside through July, 2011. In short, mid-2011 is looking a lot like mid-201...

http://westside-bubble.blogspot.com/2011/07/july-2011-inventory-june-sales.html

Catching up ... the May 2011 S&P/Case-Shiller , although a slight uptick for the month, essentially continues the secondary PEAK AND DECLINE in both Los Angeles and the 10-city Composite, now D...

http://westside-bubble.blogspot.com/2011/07/s-may-and-dataquick-june.html

No, I haven't entirely disappeared.... Today's February 2011 S&P/Case-Shiller continues the secondary PEAK AND DECLINE in both Los Angeles and the 10-city Composite, now DOWN 38.6% from its...

http://westside-bubble.blogspot.com/2011/04/s-february-and-dataquick-march.html

Here are the year-end 2010 Inventory, Sold, and New listings numbers, plus January 2011. I keep the counts going, but haven't gotten around to posting them very often. To make them simpler I've ...

http://westside-bubble.blogspot.com/2011/02/january-2011-inventory-sold.html

Today's November 2010 S&P/Case-Shiller continues the small secondary PEAK AND DECLINE in both Los Angeles and the 10-city Composite, now DOWN 36.7% from its September 2006 peak, at DECEMBER 200...

http://westside-bubble.blogspot.com/2011/01/s-november-and-dataquick-december.html

Finally saw the documentary Inside Job. Whew! Unlike the typical movie drama, this is about reality and there's no hero to win over evil in the end. The elites prevailed. Duh!

http://westside-bubble.blogspot.com/2010/11/inside-job.html

I've been continuing to capture numbers, but haven't gotten to posting in awhile. So here is the update for the end of October. The short version is that Santa Monica and Westside inventory numb...

http://westside-bubble.blogspot.com/2010/11/october-inventory-sold-new.html

Last week's August 2010 S&P/Case-Shiller appears to represent a PEAK AND BEGINNING OF A DECLINE in both Los Angeles and the 10-city Composite, now DOWN 35.7% from its September 2006 peak, at DE...

http://westside-bubble.blogspot.com/2010/11/s-august-and-dataquick-september.html

Tuesday's May 2010 S&P/Case-Shiller was an uptick for both Los Angeles and the 10-city Composite, but as a three-month average through May likely reflects the end of federal tax credits more th...

http://westside-bubble.blogspot.com/2010/07/s-may-and-dataquick-june.html

In the first of three parts, here are Santa Monica sales for the four months from March to June, 2010, except north of Montana and Sunset Park. These reflect the frenzy of buyers trying to get ...

http://westside-bubble.blogspot.com/2010/07/90403-90404-ocean-park-90405-sales.html

Westside inventory has been running second-highest since 2006, below only last year's financial-meltdown levels. Santa Monica inventory below $3M has been similar until until June, when unusuall...

http://westside-bubble.blogspot.com/2010/07/june-inventory-sold-new.html

Yesterday's April 2010 S&P/Case-Shiller was overall pretty flat trend for both Los Angeles and the 10-city Composite. Overall Los Angeles (including Orange County) was UP 0.68% from March, afte...

http://westside-bubble.blogspot.com/2010/06/s-april-and-dataquick-may.html

No, I haven't disappeared, just lots else going on that makes it hard to focus on posting here. Next week I'll post updates DataQuick and S&P/Case-Shiller updates and my Santa Monica and Westside...

http://westside-bubble.blogspot.com/2010/06/price-declines-ahead.html