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Are Pasadena Home Prices About to Bottom?

December 16, 2008 By 3 Comments
Pasadena Home Sales

Do any similarities exist between the real estate and stock markets? In stock market jargon it is referred to as testing the bottom or testing the lows. If prices hover around the previous lows without establishing a new benchmark it can be recognized as a positive sign. It may be perceived that price stabilization will occur and that the free fall is over, at least for a while. Maybe it's just a psychological barrier more than a realistic barometer of market indicators, but sometimes all … [Read more...]

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Pasadena Real Estate Report on November Home Sales

December 13, 2008 By 1 Comment

It was said many years ago people could look at the position of the sun and tell the time of day. Pasadena real estate is no different. Just look at the poor performance of home sales and it must be November. Traditional sales of Pasadena homes in the past have resembled more of a bell curve, low on both the right and left ends, (January & December) but higher in the middle (May - August), indicating a seasonality to home sales. But then again we haven't seen traditional for about two … [Read more...]

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Pasadena Homes, Key Housing Stats

December 10, 2008 By Leave a Comment
Pasadena December Housing Stats

The month of December has historically been a slow month for the housing market. Holiday parties, shopping and decorating keep many people at home instead of previewing houses for sale or even listing their house during this time of year. For those of you who have decided to put conventional aside, you may find home sellers eager to make a deal as the showing activity on their home begins to decline. If a new house is on your holiday wish list, don't forget to factor into your equation the … [Read more...]

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Pasadena Real Estate, A Returning Sellers Market?

November 18, 2008 By 1 Comment

It wasn't that long ago when houses were staying on the market for 21 days and receiving multiple offers. The stock market was reaching historical highs. Home prices were climbing faster than our national debt. You did not hear the words foreclosure and short sale. The skies were blue and the birds were singing. About 40 years ago the Clampett's loaded up the truck and moved to Beverly, Hills that is, swimming pools, movie stars. Jed knew that California afforded a unique opportunity he … [Read more...]

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Pasadena Real Estate – up2date October Market Recap

November 16, 2008 By 1 Comment

"It was the best of times, it was the worst of times"...Charles Dickens The same can be said of the Pasadena real estate market. The market overall continues to pick up steam. We continue to see unit volume increases, indicating that buyers are returning to the market which is good news. On the flip side those buyers are opting for many of the foreclosures and bank owned properties in Pasadena. Unfortunately we can not confuse an increase in unit sales as being beneficial. Currently an … [Read more...]

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