Care to guess the number of Pasadena homes in foreclosure? According to foreclosure radar, there are close to 450 properties as of today in some form of the foreclosure process. Take a look at the map of foreclosure listings in Pasadena and you will see that it is not focused on one area, but is found throughout the city. As your IRA and stock market portfolio continues to belly flop, does real estate offer any investing opportunities? Investing in real estate is defined by two types of … [Read more...]
Pasadena Homes Sold vs. Homes in Foreclosure
January 26, 2009 By Leave a Comment
There has been much speculation about the housing market and its effect on the overall economy. Discussion centers around the real estate market and housing prices stabilizing along with increasing employment and job creation. The question is "When is this going to happen"? Is the local Pasadena housing market better or worse than other real estate markets across the country? The factors that must be considered are the number of homes that sell compared to the number of homes that enter the … [Read more...]
Wal Mart’s Real Estate Influence
November 5, 2008 By 4 Comments
The description in the Pasadena multiple listing service stated that the house was "corporate owned". Could it be due to a job transfer and it was now being sold by the relocation company? Or maybe it was a corporate buyout allowing one of its key employees to rid themselves of their last ties to the area, enabling them to relocate and start fresh. .."Are we preparing to enter the Wal Martization of the housing industry as bank owned properties populate the landscape" It was none of those. … [Read more...]
Pasadena Housing Market Foreclosure Update
November 26, 2007 By 1 Comment
In the current housing market the only segment that is showing any growth has to do with the foreclosure market. Looking as far back as 1990 in Los Angeles County, foreclosure activity peaked in the third quarter of 1996 and did not begin to level off until approximately one year later. The foreclosure market hit bottom in the third quarter of 2005, but since then has been steadily increasing. When home prices are rising at 15 - 20% per year the amount of foreclosure activity is almost … [Read more...]
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