China Leaves California Real Estate – OceanWide Plaza Quits

REAL ESTATE NEWS Downtown Los Angeles has gained substantially by China citizens moving their money into L.A. real estate. That has been changing recently as China begins to go broke, enacting policies of capital controls preventing cash from leaving China for the U.S. China’s economic growth rate just hit a 30-year low as China’s exports …

U.S. Foreclosures Jump

REAL ESTATE NEWS The U.S. Housing Market Bubble Races Toward a Crash as Foreclosures Jump according to CCN. Foreclosures in the U.S. housing market spiked in October.  While mortgage rates are near an historic low, home price growth has been outpacing wage growth. This prices buyers out of the market, bringing the likelihood of a …