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Archive for July, 2008

Two Deals This Week in the Pasadena Area

Posted in Housing Market, Pasadena, housing deals, tagged , , , on July 24, 2008 | 1 Comment »

First, for the potential homeowner:
906 Parkman Street in Altadena, on the corner of Lake and Parkman, is an unbelieveable deal at $599,000.  Offically 3 bedrooms, 2 baths, 1819 square feet and a lot of 10,286 square feet, it also has a huge bonus space downstairs (in addition to the 1819 sq. ft. ) consisting of [...]

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General Market Update and a Fun Thing to do in Pasadena this Weekend

Posted in Housing Market, community, tagged , , , , , , , , on July 18, 2008 | Leave a Comment »

Bottom’s up: This real-estate rut may be short-lived
According to the California Association of Realtors, home sales and prices may be down, foreclosures may be mushrooming and the blowback from the subprime mortgage crisis may be threatening banks and secondary mortgage lenders, but there are some early signs the real estate market is trending in a [...]

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Activity last week in the Greater Pasadena Area Housing Market

Posted in Housing Market, Pasadena, tagged , , , , , , , , , on July 16, 2008 | Leave a Comment »

If you are reading this blog, you probably already know what is going on in the mortgage loan sector.  I won’t depress you (or me) further by restating the obvious panic in the market.
But I would like to share some good news, and that is the sales activity in the last week in the Greater [...]

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From Kirk Thompson: The Latest Lending News

Posted in Mortgage Rates, tagged , , , , , , , , on July 8, 2008 | 1 Comment »

Congress left town for the July 4 recess with a half-baked cake in its legislative oven — one that has huge potential significance for the housing and mortgage markets.  The unfinished work is a major relief bill designed to rescue hundreds of thousands of homeowners heading for foreclosure, pull new buyers back into the real [...]

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A Happy 4th of July in Pasadena

Posted in Housing Market, Pasadena, community, highlights, tagged , , , , , , , , , , on July 4, 2008 | 1 Comment »

One of the many reasons I love this community.
Just returned from viewing the amazing fireworks show at the Rose Bowl from a friend’s home in the Linda Vista hills — thanks for the invite!  And on a much smaller scale, the family and I attended (and marched in) the Madison Heights Neighborhood Association annual parade [...]

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Foreclosures: is help on the way from the California legislature?

Posted in Housing Market, Real Estate Explained, Worth Reading, tagged , , , , , , , on July 2, 2008 | Leave a Comment »

First the bad news:  L.A. Land, the Los Angeles Times real estate blog (quoting Bloomberg News service, quoting PropertyShark.com) reported that new foreclosures in Los Angeles nearly quadrupled in the second quarter.  The post didn’t say whether they meant LA County or City, but the news is not pretty either way.
On the good news front, [...]

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