Pasadena up2date

How's that for a greeting?Nice to see you as well.I met with a couple the other day and was greeted outside by the husband. He immediately informed me that his wife had a tremendous dislike for real estate agents. Actually that is not news. Right or wrong, just or unjust, most people have an imme...

It happened this weekend in Montreal Canada. The top golfers in the United States competing against the worlds best international players. They come together every other year in the Presidents Cup to determine who will claim the title. These men play for much more than just a trophy. They are fie...

Today's Wall Street Journal has a preview of the new book by Alan Greenspan, entitled "The Age of Turbulence: Adventures in a New World".In the book he speaks of several things including criticizing the current administration on its economic policy. Forget that, what I found interesting was his a...

We all have been hearing of how foreclosures, Notice's of Default and Short Pays are on the rise and having a negative impact on the real estate market. But how is this affecting us locally, or more specifically, the Pasadena Housing Market?The above graphic only looks at Notice's of Defaults tha...

Every once in a while, I am at a loss for words. I cannot come up with any reasonable explanation as to why something occurred. This is one of those times.The above house is located in Pasadena, zip code 91107. It could be the "poster" house for what went wrong with real estate and how sub-prime...

July was a strange month for Pasadena real estate. The reason....Sales of townhomes and condominiums outpaced sales of single family homes. Rarely does this occur. The market for townhomes and condominiums continues to prosper as new construction offers Buyers either the amenities or lifestyle th...

The Pasadena Housing Market appears to be confused. The sales numbers for July reflect volume typically seen in January and February, not what you would expect for the height of what is supposed to be the home selling season. Unit sales of Single Family Homes were off almost 50% compared to last ...

The South Pasadena Housing Market bounced back from its dismal showing in June to a more moderate pace. Last year the market took it's dip in July, as opposed to this year in June. This is why its good to look at a minimum three month reporting cycle, so that the monthly volume swings have an op...

Your house has been for sale now going on 60 days along with many other houses here in Pasadena and you just accepted an offer. Congratulations, time to start packing all those personal items, right? You might wait a few days before making that trip to the box store and here's why. When a Seller ...

An editorial appeared last Friday in the LA Times entitled Not-so-open houses. Seems that the "Times" is critical of the decision by the Southern California Multiple Listing Service to modify the information available to consumers by removing the "days on market". The So Cal MLS is one of eight, ...