The last several days have been extremely volatile for the US economy. As congress debated the bailout/recovery bill, millions of Americans have watched helplessly as the value of their retirement accounts evaporate. What a difference a year makes. As the Dow Jones reached its high about twelve months ago, many people find their brokerage accounts have now been reduced by 40 to 50%. The hope that the recent legislation would add some stability to both the stock and real estate markets now seems … [Read more...]
Pasadena Home Prices Boomerang
September 30, 2008 By Leave a Comment
The word Boomerang is defined in two ways (1) designed to return near the thrower or (2) an act or utterance that backfires on its originator. How could this possibly apply to Pasadena home prices? I must confess that Boomeranging for lack of a better term is a label I coined myself. Simply because for all I know it has never been defined. The real estate industry uses terms such as red lining, and steering, but boomeranging? While reviewing homes listed for sale in Pasadena last week, I … [Read more...]
Pasadena Homes, August Sales Summary and Outlook
September 12, 2008 By 2 Comments
The manner in which home sales are recapped and reported is changing this month. Numerical data is probably easier to read in a bulletized and slide format. I have previously reported the monthly sales reports using a combination of paragraphs and charts. In my opinion, this new method is much easier to understand. Viewing is probably best if you click on the "Full Screen" icon in the lower right hand corner of the presentation. Pasadena Homes August Sales ReportView SlideShare … [Read more...]
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