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...]