Categories: Cali is Doomed

Latest prediction: California's housing market will hit bottom first

Posted by: Prashant Gopal on August 01

It’s easy to call a bottom to the housing slump. The tough part is getting the timing right. Treasury Secretary Henry Paulson has made many such predictions. "All the signs...

Sales up, Prices still down in California

Posted by: Chris Palmeri on May 19

Has the giant and once-red hot California market hit bottom? I am reminded by the words of my former colleague who recently decided to put his house on the...

Don't Sell Your Beach House

Posted by: Chris Palmeri on May 01

There was an interesting article in today’s San Jose Mercury News talking about the latest census data and California’s demographics. White middle-class residents are leaving the state. The Hispanic...

Arnold and the Housing Slump

Posted by: Chris Palmeri on November 16

One unlikely victim of the housing crunch is California Governor Arnold Schwarzenegger. It ain’t just because his $11 million home in LA’s ritzy Brentwood neighborhood is slipping in value. The...

California screamin', part two

Posted by: Peter Coy on October 26

Way back on June 30, 2005, the day after this blog debuted, Chris Palmeri wrote a prescient blog item, which bears re-reading. Chris wrote that based on projected prices...

California Is Surfing the Housing Tidal Wave

Posted by: Peter Coy on October 19

Wouldn't you think that California would be devastated by the housing crash? After all, California has had some of the nation's most unaffordable housing, along with one of the heaviest...

When real estate insiders grow pessimistic...

Posted by: Dean Foust on March 06

Real estate professionals are inherently optimistic. Home prices going up? Now's the time to buy, before they go higher! Home values collapsing? Now's the time to buy, when you can...

Which Bounces Back Faster? Phoenix or San Francisco?

Posted by: Peter Coy on October 27

I wrote an article for the current issue of BusinessWeek called Boom! Bust! Boom? Here's a link. My main finding is that around 40% of the major markets where there...

High Cost of Smart Growth

Posted by: Peter Coy on May 30

Are restrictive zoning laws making housing unaffordable? There's a strong argument that the high cost of housing in markets like New York, Boston, and San Francisco is at least partly...

Softness in San Diego...

Posted by: Dean Foust on August 09

The watch is on for which of the overheated markets are first showing signs of cooling. Looks like San Diego is the bellwether market in California, and some experts there...

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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