Pasadena Real Estate Blog

Although economists cannot predict when the housing market will end its decline, many believe that there are enough indicators to determine the bottom may be near, especially in California. Home prices in many regions are declining at slower rates, and some areas have actually experienced price increases. Some analysts predict that California may be the […]

Recent economic developments indicate that California may be the first state to find the bottom, based on the increase in sales volume in the previous three months. In June, home sales rose for the third consecutive month, following a 30-month decline. Although approximately 40 percent of the transactions were foreclosure sales, the increase is allowing […]

http://www.latimes.com/news/printedition/front/la-fi-homes17-2008jun17,0,7677060.story
From the Los Angeles Times
The financial burden of longer commutes makes homes in outlying areas that are already reeling even less attractive.
By Roger Vincent
Los Angeles Times Staff Writer
June 17, 2008
Rising gas prices may be the latest ailment afflicting the housing market, as figures released Monday showed Southern California home prices plunging 27% in May from […]

bloomberg.com
Federal Reserve Chairman Ben Bernanke Tuesday signaled he is finished cutting interest rates for now and has turned his attention to concerns about inflation in the world’s foreign exchange markets in the wake of the U.S. dollar’s 16 percent decline against the Euro over the past year. Speaking to the International Monetary Conference, Bernanke stated […]

The Associated Press
Southern California homebuyers stepped off the sidelines in April, snatching up foreclosures and homes priced under $500,000 at a rate that was 22 percent higher than in March but down 19 percent from April 2007 and the lowest level since 1995, according to DataQuick Information Services.
Keep this in mind…
•  The median home price […]

January 26, 2008 - Congressional leaders and the White House today reached an agreement to increase conforming loan limits as part of a larger economic stimulus package. Raising the conforming loan limits to more accurately reflect the cost of housing in California and other high-costs areas of the nation has long been an objective of […]