News crews started lining up on Saturday afternoon outside IndyMac’s headquarters in Pasadena, California. By Monday morning there were so many vans and news people ready to provide live feeds that they needed a parking valet. Everyone was hoping to see an angry mob and a good old fashioned run on the bank, not seen since the 1930’s. However things were mostly uneventful and low key. Due to the rising appreciation and availability of home equity loans over the last several years, it was estimated that none of the IndyMac depositors’ had funds in excess of $100,000, well within the government guaranteed limits. Many of the bank customers had recently begun dipping into their savings accounts to pay for gasoline as Californian’s have the privilege of paying some of the highest fuel prices in the nation.

Miss USA Predicts Housing Market Direction

Just like Punxsutawney Phil can tell us if winter is over, Miss USA can tell us the direction of the housing market. When Miss USA parades herself for the judges, slips and falls on her housing bubble, well folks the news is just not favorable. Last year when Miss USA fell for the first time, we had hoped that our new Miss USA could turn the other cheek. Apparently not, our housing situation will continue to be the butt of many untold tails. Would someone please place some rubber soles on the shoes of next years contestant?

And to add insult to injury, this week’s issue of Barron’s, right there on the front cover proclaims “Home Prices Are About To Bottom“. Now that is what I call foresight.

And finally, the “Wall Street Journal” chimes in,

Today’s special feature “How to Sell A House, When You Have to Sell It” provides readers with 7 timely tips which include:

1. Fix it and Clean it up
2. Price it Cheaply
3. Hire a top real estate agent

Now I can understand why this is one of the most respected newspapers in the nation. Wait a minute; I think we have covered much of the same material.

Here at up2date we have written extensively about preparing your home for sale the importance of pricing your home for sale and working with a top Pasadena Realtor.

Maybe if this real estate thing doesn’t turn around I can get a job freelancing for the “Journal”.