In a surprise move the City of Pasadena announced today that it was canceling all of the homes listed "for sale" due to a lack of interest. Homeowner's were instructed to remove all "for sale" signs on the property. Sales of single family homes have declined 50% for the last three months and the decision was made today before things could get any worse. One city official who ask to remain anonymous said that "if we can tell homeowners they cannot cut down their trees, we also believe we can put … [Read more...]