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...]
Upcoming Pasadena Home Sales, A False Positive?
July 24, 2008 By 2 Comments
Pasadena home sales for the month of July are still about 3-4 weeks away from being released on a national level. Expect a reversal in the continuing bad news that has plagued the housing market for the last year. Why the change? Is it from the expected passage of the Housing Bill making its way through Congress? Have the number of foreclosed homes finally reached their peak and now are beginning to level off? Have home buyer's come to recognize that the bottom is soon approaching and pent up … [Read more...]
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