Comments on: Pasadena CA Real Estate – up2date Market Report for February http://up2daterealestate.com/2009/03/11/pasadena-ca-real-estate-up2date-market-report-for-february/ Your Home Is Our Business Fri, 03 Feb 2012 10:35:45 +0000 hourly 1 By: Pasadena CA Homes for Sale Show Changing Market | Real Estate SEO Blog http://up2daterealestate.com/2009/03/11/pasadena-ca-real-estate-up2date-market-report-for-february/comment-page-1/#comment-4615 Pasadena CA Homes for Sale Show Changing Market | Real Estate SEO Blog Mon, 23 Mar 2009 04:31:26 +0000 http://www.up2daterealestate.com/?p=1151#comment-4615 [...] the past several months we have been watching the precipitous fall of the median home price in Pasadena. While at first glance the numbers may seem startling and overwhelming, let me provide an [...] [...] the past several months we have been watching the precipitous fall of the median home price in Pasadena. While at first glance the numbers may seem startling and overwhelming, let me provide an [...]

]]> By: Real Estate Market Reports http://up2daterealestate.com/2009/03/11/pasadena-ca-real-estate-up2date-market-report-for-february/comment-page-1/#comment-4603 Real Estate Market Reports Sun, 22 Mar 2009 23:09:53 +0000 http://www.up2daterealestate.com/?p=1151#comment-4603 <strong>Real Estate Reports March 2009...</strong> Welcome to the March 23, 2009 edition of real estate market reports. Housing Report Petra Norris presents Lakeland Real Estate | Has the Lakeland Florida’s Housing Market Bottom Out? | Lakeland Florida Living posted at Lakeland Florida Living? La... Real Estate Reports March 2009…

Welcome to the March 23, 2009 edition of real estate market reports.
Housing Report

Petra Norris presents Lakeland Real Estate | Has the Lakeland Florida’s Housing Market Bottom Out? | Lakeland Florida Living posted at Lakeland Florida Living? La…

]]> By: Doug Willis http://up2daterealestate.com/2009/03/11/pasadena-ca-real-estate-up2date-market-report-for-february/comment-page-1/#comment-4395 Doug Willis Thu, 12 Mar 2009 21:57:57 +0000 http://www.up2daterealestate.com/?p=1151#comment-4395 Hannah, I saw a study that said this plan was goiing to help 1 in 9 homeowners. A program with an 11% success rate would be considered failing in the private sector. I would agree with you that here in So Cal, the numbers will probably be even less. Hannah,

I saw a study that said this plan was goiing to help 1 in 9 homeowners. A program with an 11% success rate would be considered failing in the private sector. I would agree with you that here in So Cal, the numbers will probably be even less.

]]> By: Hannah B. http://up2daterealestate.com/2009/03/11/pasadena-ca-real-estate-up2date-market-report-for-february/comment-page-1/#comment-4391 Hannah B. Thu, 12 Mar 2009 18:06:43 +0000 http://www.up2daterealestate.com/?p=1151#comment-4391 I still wonder how much the Obama housing plan will affect areas in Southern California. Considering the massive price drops, I would assume many buyers falling far outside the 105% LTV. Also, for our area, how much is $8000 going to help. Personally, my income puts me out of the race so I'd get 0. I do agree with you that it would have been nice for the incentive to be regionally based as $8000 in Detroit could pretty much buy an entire house. I think the foreclosure moratorium will prove to be problematic again as it was when the Governator forced it last year. I believe it was September/October 2008, which corresponds to your price chart on page 11 and looks similar to the January/February 2009 figures. I've heard from a friend that his bank is changing requirements to no more than 41% of income going to housing. Since this has been the going trend, even the $435K median price seems too high for the median income, that is of course assuming "normal" DTI ratios are the primary factor in price declines is true. I still wonder how much the Obama housing plan will affect areas in Southern California. Considering the massive price drops, I would assume many buyers falling far outside the 105% LTV. Also, for our area, how much is $8000 going to help. Personally, my income puts me out of the race so I’d get 0. I do agree with you that it would have been nice for the incentive to be regionally based as $8000 in Detroit could pretty much buy an entire house.

I think the foreclosure moratorium will prove to be problematic again as it was when the Governator forced it last year. I believe it was September/October 2008, which corresponds to your price chart on page 11 and looks similar to the January/February 2009 figures.

I’ve heard from a friend that his bank is changing requirements to no more than 41% of income going to housing. Since this has been the going trend, even the $435K median price seems too high for the median income, that is of course assuming “normal” DTI ratios are the primary factor in price declines is true.

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