In recent posts I have speculated and provided my opinion about the direction of home prices in the Pasadena housing market and which way they are headed. Questions always arise about the direction the market is going and is this a long term trend or short term manifestation? Are home prices increasing or decreasing? We can look a median home prices all day long which are easily manipulated by the mix of homes being sold, we can examine "units sold", "inventory levels", "the number of homes … [Read more...]