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Checking the Pasadena Real Estate Market’s Vital Signs

May 31, 2009 By 2 Comments
Pasadena Homes Sold by month

These new statistics provide a compelling story of the Pasadena Real Estate market. They provide two years worth of monthly reports that allow you to form your own conclusions as to the pending improvement or the continuing decline of our local housing market. The data looked only at single family residential detached homes. From the data presented, two of the charts offer reasons for optimism. The first is the Monthly Supply of Inventory. Housing units available for sale are basically at … [Read more...]

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Pasadena Housing Market Comes Roaring Back

April 16, 2009 By 10 Comments

The Pasadena real estate market received a shot of adrenaline in March. For a patient that had been on life support for the last year and a half, the surgical team came in with a prognosis of "cautiously optimistic". The medication came in the form of lower mortgage rates and an $8000 tax credit for first time home buyer's. The increase from February to March was one of the biggest we have seen in 5 years. Prices always fall, even ever so slightly for this time period. But not this year. They … [Read more...]

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Pasadena CA Real Estate – up2date Market Report for February

March 11, 2009 By 4 Comments

What if you walked into the department store and found everything on sale, only to find you not in the mood to buy anything. Now apply that to the Pasadena housing market. Many properties for sale have reduced their price at least once, in effect putting themselves on sale. What happens if no one buys? Maybe after awhile it's marked down again until finally someone buys it or it's taken off of the market. This is the dilemma many home sellers find them self in. The federal government has … [Read more...]

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Pasadena Real Estate Market Feels January Slump

February 17, 2009 By 2 Comments

The optimism that precedes a new year was short lived at least where Pasadena real estate is concerned. Let's face it, when it comes to real estate activity, January is, well January. This time of year is supposed to be unexciting and uneventful. From that standpoint the month certainly lived up to its expectations. I am beginning to read some articles about other real estate markets across the country, showing some signs of life. In fact a Seattle Broker created quite a stir last week when … [Read more...]

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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...]

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