Japan’s consumer price index fell 1.1% in May. According to the AP, that is a record drop. The Japan of 2009 is starting to look like the Japan of the 1990s when real estate prices and the stock market collapsed. It took almost a decade for the nation to get its economy back into shape and [ ... Read more

There has been an upwelling of bearish sentiment lately, justifiably so. Rents are dropping, unemployment is rising, and foreclosures are increasing: macroeconomic forces are working against the market. So it makes me wonder, “Could it really get that bad?” ... Read the full post ... Read more

Yesterday, when I described the ratings of properties and the cashflow levels to which they should fall, I mentioned that the bottom of the Irvine market is defined by condos that only make sense as a cashflow rental. Today’s featured property is one of those. Asking Price: $149,900 ... R ... Read more

By John Tamny of RealClearMarkets When economic problems reveal themselves, a great deal of finger-pointing inevitably ensues. For quite some time now economists and commentators have sought to place blame for the housing crisis, and quite a lot of it has been heaped on former Federal Reserve Chairm ... Read more

We have become so accustomed to inflation that it is difficult to remember a past when prices were more expensive. Welcome to the age of deflation. Todays featured property is a 35% rollback that will probably drop further.   Asking Price: $325,900 Address: 61 Costero ... Read the f ... Read more

Extreme Makeover Home Edition at the Fox Theater Kathy Bell addressing the crowd after the show aired Last night Congress street in front of the Fox Theater was closed for the viewing of the Extreme Makeover Tucson show aired nationally on ABC.  Kgun 9 was there to cover the event and ... Read more

Kool aid intoxication is very strong because homeowners were so richly rewarded during the bubble. Will the crash cause mass detoxification? Today’s featured property is a WTF award winner in Quail Hill—$444/SF is so 2006. Asking Price: $1,375,000 ... Read the full post ... Read more

I’ve got two neighbors and a good friend out of state that have put their house on the market for no other reason than “they just want to move”. All three couples have two kids, and all three live in good sized, three bedroom houses.  After pinging each of them that it’ ... Read th ... Read more

Despite the system-wide economic collapse, many in Irvine think their houses have not declined in value. The owners of today’s featured property are asking what the paid at the peak. They like dreamin’... Asking P rice: $1,185,000 Address: 19 Stonebrook, Irvine, California ... Read ... Read more

Alan Greenspan bears some of the responsibility for our economic disaster, and he knows it. Today’s featured property is one of the biggest discounts I have seen to date on a high-end property. Asking P rice: $900,000 Address: 22 Gray Dove, Irvine, CA 92618 ... Read the full p ... Read more