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Archive for August, 2008

There are several great events going on in Pasadena this weekend, make sure to check them out!
Comedy: Kevin Nealon, at the Ice House.  The Ice House Comedy Club is thrilled to welcome acclaimed comic and actor Kevin Nealon.  The SNL alum and Weeds star will headline one night only on Saturday, August 30.  Tickets are [...]

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I am taking a much needed break by the beach with my family before the kids go back to school, but here are a few articles on interest to keep you going until I can update you on the local real estate market:
– Americans felt better about the economy in August, as a widely watched [...]

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“California Entry-level Housing Affordability Increases 50 Percent”
The California Association of Realtors reports entry-level housing affordability in California increased 50 percent in second quarter 2008, compared with 24 percent for the same period a year ago.
C.A.R.’s First Time Buyer Housing Affordability Index (FTB-HAI) measured the percentage of households that can afford to purchase an entry-level home in [...]

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This is a great article from the Los Angeles Times on why home ownership is a good thing, despite all the doom and gloom we are constantly hearing.  Enjoy! — Kerin.
“First, let me say this: Of course I have regrets. After all, the purchase of our family home in Hollywood with an adjustable-rate mega-jumbo mortgage [...]

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Market Update:
In an article published this week, an analyst at Reuters News Service suggests that the worst of the housing market downturn may be over soon.
The factors cited as pointing to a bottoming out of the market are:

Home prices falling at a slower rate after two years of declining.  S&P/Case-Shiller 20 City Composite Index showed [...]

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Those of you who are considering purchasing a home will be interested in the tax credit for home buyers.  First time home buyers (or home buyers who have not owned a home during the past three years) may be eligible for a tax credit of up to $7,500 on their federal taxes ($3,750 if you file [...]

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Here are the top articles in real estate news today:
Should you buy a home now?
Some experts are standing behind the view that home prices will be spiraling down for months to come, so it would be foolish to buy now, while others state that the benefits of owning a home outweigh the short-term price moves.  This [...]

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From Pasadena Now!:
EVENTS: Join Your Neighbors for National Night Out.  On Tuesday, August 5 neighbors and neighborhoods all over America will be opening their doors and gathering together for National Night Out. There are things you can do too, plan a block party, take your family on a flashlight walk, barbecue in your driveway or [...]

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