Pasadena Real Estate Blog

Propositions 98 and 99 are opposing ballot initiatives for the upcoming primary election.  I’ve read the voter’s information pamphlet from the California Secretary of State’s Office, and I’ve come to some conclusions. 
Prop 98 limits the governments rights to take private property by eminent domain, and transfer it to private owners or developers for their private use […]

Call your Legislators today to Ask that  the Point-of-Sale Provision be Removed from AB 2678!
There is a bill before our State Legislature, AB 2678 (Núñez), which among other things, requires that ALL homes and commercial property in California have an energy audit at point-of-sale and that mandatory energy efficiency investments be made. While we appreciate the […]

Once again, it’s time to update you on our current real estate market. 
According to an article on the Los Angeles Times website, www.latimes.com, on April 15, 2008, home prices in Southern California continue to fall. The median price of homes dropped to $385,000 in March. The total number of homes sold was up from February, but down 41% from […]

A news item was announced today on KNX Radio (1070) that prices in the San Fernando Valley have actually started to go up - about 5% over last year.  It just may be an early sign that the market has hit bottom.  We may actually be on the upswing!  Hopefully, this is a new trend, […]

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 […]

We are continuing to see a softening of our local real estate market, as well as the greater Los Angeles market. In Los Angeles County, the median price of a single family home in September dropped 2.8% from the prior year, and 5.9% from the prior month.And, the number of sales dropped 38.4% from the prior […]

Strategies for Buying and Selling a House at the Same Time
Simultaneously buying a home while selling another can be tough. In a hot market it’s often a deal killer to include in your offer to buy a new home, a contingency to sell your existing home. Sellers will simply take their pick of offers not […]

One of the newest home mortgages to come on the market is the 50-year mortgage.  This is a fixed-rate, fully-amortized loan.  It just takes “a little” longer to pay off!  It’s almost like an interest-only loan, since the principal amount is only slightly reduced each month, for probably at least 25 years.  But, it’s a […]