What if you walked into the department store and found everything on sale, only to find you not in the mood to buy anything. Now apply that to the Pasadena housing market. Many properties for sale have reduced their price at least once, in effect putting themselves on sale. What happens if no one buys? Maybe after awhile it's marked down again until finally someone buys it or it's taken off of the market. This is the dilemma many home sellers find them self in. The federal government has … [Read more...]
Pasadena Real Estate – up2date October Market Recap
November 16, 2008 By 1 Comment
"It was the best of times, it was the worst of times"...Charles Dickens The same can be said of the Pasadena real estate market. The market overall continues to pick up steam. We continue to see unit volume increases, indicating that buyers are returning to the market which is good news. On the flip side those buyers are opting for many of the foreclosures and bank owned properties in Pasadena. Unfortunately we can not confuse an increase in unit sales as being beneficial. Currently an … [Read more...]
Pasadena & South Pasadena Real Estate Market Volatility
October 29, 2008 By 1 Comment
When the real estate markets begin to head south, why do some markets decline faster than others? Are their contributing factors that precipitate demand elasticity in some areas, while other neighborhoods appear to be more inelastic? Would this information be important to you if you were in the market to buy a new home, or is it not one of the factors most people consider when making a purchase? In real estate the old adage was to buy the least expensive home on the best street. Most home … [Read more...]
Upcoming Pasadena Home Sales, A False Positive?
July 24, 2008 By 2 Comments
Pasadena home sales for the month of July are still about 3-4 weeks away from being released on a national level. Expect a reversal in the continuing bad news that has plagued the housing market for the last year. Why the change? Is it from the expected passage of the Housing Bill making its way through Congress? Have the number of foreclosed homes finally reached their peak and now are beginning to level off? Have home buyer's come to recognize that the bottom is soon approaching and pent up … [Read more...]
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