Hopefully Pasadena residents have inflated their tires and tuned their cars. If only we could put some air into the Pasadena housing market. As anticipated, the gap between unit sales closed this past month, closely mirroring unit sales in July 2007. If you recall from a previous post regarding Pasadena Upcoming Home Sales, I expected the market to reach equilibrium. The reason is that unit sales indicated a downturn last year, not because we experienced increased activity this year. However … [Read more...]