It had appeared the momentum in the Pasadena real estate market had been building. Sales were increasing, buyer's were becoming increasingly optimistic, and sales were beginning to move away from just the lower end of the market. The number of homes in escrow was increasing and stories were developing of multiple offers and quick sales. And we are not just referring to distressed properties. There is really no other term to describe the month of June than just an old fashioned "blow … [Read more...]