Over the past several months we have been watching the precipitous fall of the median home price in Pasadena. While at first glance the numbers may seem startling and overwhelming, let me provide an explanation into what is happening. First of all numbers which many of us think are black and white need some interpretation. Someone once told me that "figures lie and liars figure". In order to make sense of the local housing data you have to look at some of the history. Housing data is reported on … [Read more...]