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What if you walked into the department store and found everything on sale, only to find you not in the mood to buy anything. Now apply that to the Pasadena housing market. Many properties for sale have reduced their price at least once, in effect putting themselves on sale. What happens if no one buys? [...]
With Pasadena real estate prices declining over the last several months, many would be home buyers still find themselves priced out of the market. The reasons may include insufficient funds for a down payment, or overall prices coupled with the mortgage payment and taxes still exceeding their monthly budget. If this describes your current situation, [...]
“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 [...]
When the real estate markets begin to head south, why do some markets decline faster than others? Are their contributing factors that precipitate demand elasticity in some areas, while other neighborhoods appear to be more inelastic? Would this information be important to you if you were in the market to buy a new home, or [...]
Pasadena home sales for the month of July are still about 3-4 weeks away from being released on a national level. Expect a reversal in the continuing bad news that has plagued the housing market for the last year. Why the change? Is it from the expected passage of the
Housing Bill making its way [...]
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