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If only the Southern California real estate market were as resilient as South Pasadena. As someone once said “If if’s and buts’ were cherries and nuts, we would all have a Merry Christmas”.
That being said, the South Pasadena real estate market turned in an excellent performance in 2008 compared to Pasadena, Altadena, and Los Angeles. [...]
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 [...]
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