Beautiful Home of the Week in Pasadena

Just listed yesterday, 965 Arden Road is a beautiful, classic Italian revival style estate located on a very desirable street in Southwest Pasadena. The lot is 31,000 square feet, the home is approximately 4,400 square feet, and there is a detached guest house. The home is also a magnificent piece of architecture. Yes, it needs [...]

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Bloomberg News Says California Home Market May Be Beginning to Recover

By Daniel Taub, found on bloomberg.com
The California housing market may be showing the first signs of a recovery after three years of declining sales and two years of rising foreclosures, the UCLA Anderson Forecast said today.
While hoome prices in the most populous U.S. state are still weak, the number of houses and condominiums changing hands [...]

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San Marino Real Estate Market is Still Hot

Another example of pricing right to get multiple offers, top dollar and get a home sold quickly — 1395 Waverly Road in San Marino is a lovely, updated home in the Library District; just south of the Huntington Library and north of Huntington Drive. 
The 2703 sq. ft. main house has 3 bedrooms and 2 baths, [...]

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Why You Should Buy a Home Now (more sensible advice from Kirk Thompson, mortgage broker)

These days there is literally too much information for first time homebuyers to make a decision sometimes.  Fear can prevent first time home buyers from ever acting on their dream of home ownership.  When you look at facts, though, buying a home makes as much sense now as it ever has.
With home prices going down [...]

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This weekend in Pasadena: The Chalk Festival

This weekend, on Saturday and Sunday from 10 am to 7pm, the 2008 Pasadena Chalk Festival is being held at the Paseo Colorado in Old Town.  Please check out the artwork of Room 13 Foshay, a student managed and financed independent art studio at Foshay Learning Center, an LAUSD public school.  Their spot will be near the entrance to the [...]

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Home Sales Up Slightly — Have We Reached the Bottom of the Market Yet?

A modest gain in the number of homes sold is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Assocation of Realtors.
The Pending Home Sales Index, a forward-looking indicator [...]

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Your Money

I found this amusing article by Ron Lieber in the May 31, 2008 edition of the New York Times regarding the current stand-off between buyers and sellers.  Dramatizes the point and I think he’s got it just about right. 
p.s. Pay no attention to the percentage price decreases in this article, he is using national numbers.  [...]

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