There are some tell-tale signs that the economic slowdown affecting the national real estate market may slowly begin rolling into Pasadena. If this is the case, look for Townhomes and Condominiums to be the first victims. Our market which has been more resilient than other area's throughout the country began exhibiting signs in July that may indicate some softening. To give you an idea of the size of the market; In the past 12 months (August 09 - July 10) sales of condominiums and townhomes … [Read more...]