Comments for Pasadena & South Pasadena Real Estate http://up2daterealestate.com Your Home Is Our Business Fri, 03 Feb 2012 10:35:45 +0000 hourly 1 Comment on California’s Foreclosure Economy by George Marasco http://up2daterealestate.com/2011/12/06/californias-foreclosure-economy/comment-page-1/#comment-22027 George Marasco Fri, 03 Feb 2012 10:35:45 +0000 http://www.up2daterealestate.com/?p=6341#comment-22027 Very good blog. Really Great. Very good blog. Really Great.

]]> Comment on Successful Short Sales Simplified, Seriously by How Do I Short Sale My Pasadena Home? | Pasadena Real Estate … | Property Guides http://up2daterealestate.com/2012/01/24/successful-short-sales-simplified-seriously/comment-page-1/#comment-22020 How Do I Short Sale My Pasadena Home? | Pasadena Real Estate … | Property Guides Wed, 25 Jan 2012 04:08:45 +0000 http://up2daterealestate.com/?p=6850#comment-22020 [...] more: How Do I Short Sale My Pasadena Home? | Pasadena Real Estate … This entry was posted in Short Sale Guides and tagged address-the-most, entitled-the-pasadena, [...] [...] more: How Do I Short Sale My Pasadena Home? | Pasadena Real Estate … This entry was posted in Short Sale Guides and tagged address-the-most, entitled-the-pasadena, [...]

]]> Comment on Pasadena Short Sale Guide by Successful Short Sales Simplified, Seriously http://up2daterealestate.com/pasadena-short-sale-guide/comment-page-1/#comment-22019 Successful Short Sales Simplified, Seriously Wed, 25 Jan 2012 01:03:06 +0000 http://up2daterealestate.com/?page_id=6737#comment-22019 [...] Short Sale Guide We have put together a special section entitled the Pasadena Short Sale Guide to address the most common issues associated with a Short Sale. You will find the 10 Most [...] [...] Short Sale Guide We have put together a special section entitled the Pasadena Short Sale Guide to address the most common issues associated with a Short Sale. You will find the 10 Most [...]

]]> Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Vladimir http://up2daterealestate.com/2012/01/15/pasadena-single-family-unit-home-sales-for-the-last-5-years/comment-page-1/#comment-22012 Vladimir Thu, 19 Jan 2012 00:04:32 +0000 http://up2daterealestate.com/?p=6681#comment-22012 Thanks, Doug. I'm not sure I understand your argument. Are you saying that 3% per year is too much to expect? That I should lower the price growth rate that I apply retrospectively? It's true, as you point out, that wages have not risen 3% per year for the last ten years, and unemployment, of course, is up. Which means that we should expect even lower prices than I indicated in my original comment. Again, the bubble has not fully deflated in this area. Thanks, Doug.
I’m not sure I understand your argument. Are you saying that 3% per year is too much to expect? That I should lower the price growth rate that I apply retrospectively? It’s true, as you point out, that wages have not risen 3% per year for the last ten years, and unemployment, of course, is up. Which means that we should expect even lower prices than I indicated in my original comment. Again, the bubble has not fully deflated in this area.

]]> Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Doug Willis http://up2daterealestate.com/2012/01/15/pasadena-single-family-unit-home-sales-for-the-last-5-years/comment-page-1/#comment-22011 Doug Willis Wed, 18 Jan 2012 19:28:00 +0000 http://up2daterealestate.com/?p=6681#comment-22011 Vladimir, According to your calculations everything should increase by a factor of 3% per year. Have wages risen accordingly? I think applying a 3% per year growth rate assumes there was no additional demand or supply. Also population increase or decrease and employment will have an impact on home appreciation or depreciation. Your argument may be rational in a classroom environment, but then again our markets aren't constrained to a classroom. Vladimir,

According to your calculations everything should increase by a factor of 3% per year. Have wages risen accordingly? I think applying a 3% per year growth rate assumes there was no additional demand or supply. Also population increase or decrease and employment will have an impact on home appreciation or depreciation. Your argument may be rational in a classroom environment, but then again our markets aren’t constrained to a classroom.

]]> Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Vladimir http://up2daterealestate.com/2012/01/15/pasadena-single-family-unit-home-sales-for-the-last-5-years/comment-page-1/#comment-22010 Vladimir Wed, 18 Jan 2012 19:19:59 +0000 http://up2daterealestate.com/?p=6681#comment-22010 The market still has a ways to go in my opinion. What I typically do in assessing prices is look at what a house was worth in about 2000 or 2001. I think calculate what it would be worth today with a normal, average appreciation of 3% each year between then and now. What I find, every time, is that houses for sale have appreciated far, far more than this amount. That suggests that the bubble has not nearly deflated. (I have asked real estate agents if they would consider an offer of the amount calculated by adding 3% per year to the 2000 price -- but I've only gotten laugher so far.) So it seems clear to me that housing prices have to fall in areas such as Pasadena and South Pasadena much more or, alternatively, remain level for a significant number of years, until prices are equivalent to 2000 + 3% per year. The market still has a ways to go in my opinion. What I typically do in assessing prices is look at what a house was worth in about 2000 or 2001. I think calculate what it would be worth today with a normal, average appreciation of 3% each year between then and now. What I find, every time, is that houses for sale have appreciated far, far more than this amount. That suggests that the bubble has not nearly deflated. (I have asked real estate agents if they would consider an offer of the amount calculated by adding 3% per year to the 2000 price — but I’ve only gotten laugher so far.) So it seems clear to me that housing prices have to fall in areas such as Pasadena and South Pasadena much more or, alternatively, remain level for a significant number of years, until prices are equivalent to 2000 + 3% per year.

]]> Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Omni Chaparala http://up2daterealestate.com/2012/01/15/pasadena-single-family-unit-home-sales-for-the-last-5-years/comment-page-1/#comment-22009 Omni Chaparala Wed, 18 Jan 2012 15:59:43 +0000 http://up2daterealestate.com/?p=6681#comment-22009 Good details about single family housing in Pasadena. Hope the market improves in Pasadena much better in this year. Good details about single family housing in Pasadena. Hope the market improves in Pasadena much better in this year.

]]> Comment on Selling Your Home? 10 Reason’s to Forget “For Sale By Owner” by dirtypool http://up2daterealestate.com/2007/11/12/selling-your-home-10-reasons-to-forget-for-sale-by-owner/comment-page-1/#comment-22003 dirtypool Thu, 12 Jan 2012 18:12:30 +0000 http://www.up2daterealestate.com/2007/11/12/selling-your-home-10-reasons-to-forget-for-sale-by-owner/#comment-22003 These are some great points! We have been trying to sell our condo for about a month now so that we can eliminate the selling agent commission to allow us to price competitively without having to pay out of pocket after the mortgage and other costs. We have tried Zillow, Craigslist, Facebook, a dedicated website (http://memphis-condo.com) and flyers. We've had some limited interest so far, but we are finding ourselves at a disadvantage. We're going to give it until the end of the month, but I think we will end up with an agent due to many of the fact in the article. These are some great points! We have been trying to sell our condo for about a month now so that we can eliminate the selling agent commission to allow us to price competitively without having to pay out of pocket after the mortgage and other costs. We have tried Zillow, Craigslist, Facebook, a dedicated website (http://memphis-condo.com) and flyers. We’ve had some limited interest so far, but we are finding ourselves at a disadvantage. We’re going to give it until the end of the month, but I think we will end up with an agent due to many of the fact in the article.

]]> Comment on iPad in Real Estate, iGetit by Unlimited Funding http://up2daterealestate.com/2011/08/04/ipad-in-real-estate-igetit/comment-page-1/#comment-22000 Unlimited Funding Tue, 10 Jan 2012 20:17:47 +0000 http://www.up2daterealestate.com/?p=6282#comment-22000 I like Open Home Pro because the data comes seamlessly. I like Open Home Pro because the data comes seamlessly.

]]> Comment on Can A Forensic Loan Audit Reduce Your Mortgage? by Kylon Trower http://up2daterealestate.com/2009/01/16/can-a-forensic-loan-audit-reduce-your-mortgage/comment-page-1/#comment-21825 Kylon Trower Thu, 15 Dec 2011 17:33:42 +0000 http://www.up2daterealestate.com/2009/01/16/can-a-forensic-loan-audit-reduce-your-mortgage/#comment-21825 I you have not found assistance, I have an attorney referral that may be able to help you in GA. I you have not found assistance, I have an attorney referral that may be able to help you in GA.

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