By: Robert S. Goldman, Neil Amper & John Bentz

Premise: The 4 necessities ---- food, shelter, clothing and medical care.  Until the foreclosure crisis is solved, the housing market (shelter), and with it the economy, will not rebound. Banks are holding in excess of 3,000,000 houses on their books, all in various stages of foreclosure. Many [...]

In Venice, including the Island, a bottom was established in January 2012.  We are now experiencing the first signs of price appreciation. Sold home prices are at third quarter 2002 pricing levels.  The supply of homes for sale is at their lowest level in over ten years. [...]