irvine housing

2003 and Bust

Zach Ovall — Tue, 14 Jul 2009 10:32:17 -0400

We are seeing more discretionary sellers with significant equity trying to exit the market. Is this the beginning of capitulation? read more »

The Bailout for Prodigious Spenders

Zach Ovall — Mon, 06 Jul 2009 16:24:16 -0400

Bailouts are rescuing the irresponsible at the expense of the prudent, or so we all believe. But didn’t the prudent benefit from the Great Housing Bubble as well? read more »

Look What Happens When Inventory is Low, Inglenook, Northpark, Irvine

Zach Ovall — Wed, 17 Jun 2009 11:30:41 -0400

Any increase in pricing brings delusional sellers out of hiding. They put their properties on the market at WTF price levels and hope to hit the lottery. read more »

$149,900 and Falling

Zach Ovall — Thu, 09 Apr 2009 12:10:11 -0400

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 read more »

Ain’t That Just the Way

Zach Ovall — Thu, 19 Mar 2009 08:45:19 -0400

Kool aid intoxication is very strong because homeowners were so richly rewarded during the bubble. Will the crash cause mass detoxification? read more »

Room to Negotiate

Zach Ovall — Wed, 11 Mar 2009 08:00:52 -0400

Distressed sellers have no room to negotiate on price, and often these transactions have to be cleared through other interested parties. Sellers with equity have no such limitations. read more »