The rate on a mortgage loan is often the most significant factor in how much an owner will ultimately pay for their home. Monetary policy, market inflation, and the overall economy all play a part in determining when it rises and falls. Currently, the United States is experiencing remarkably low rates by historical standards, below five percent in most cases, that contrast harshly with those in Continue Reading
Pasadena Pulls Out of Metro Bike Share Program.
The city of Pasadena decided to terminate the Metro Bike Share program on Wednesday, July 11, 2018. Low ridership, unanticipated cost overruns doomed the bike program. Ridership is so dismal and revenue from Pasadena’s struggling Metro Bike Share program is so low that the program’s costs now threaten the City’s total transit operating budget and the City must terminate its Continue Reading
Pasadena : What is an Accessory Dwelling Unit?
An accessory dwelling unit (ADU) is a small, self-contained residential unit located on the same lot as an existing single-family home. An ADU has all the basic facilities needed for day-to-day living independent of the main home, such as a kitchen, sleeping area, and a bathroom. As the term "accessory" implies, ADUs are generally defined to be smaller in size and prominence than the main Continue Reading
Due on Sale Clauses in Your Mortgage.
The terms of my new mortgage include a 'due on sale' clause. My broker says this is an acceleration clause. But I thought acceleration clauses were about foreclosure. What is going on? Don't worry! 'Due on Sale' clauses are a typical part of a standard mortgage. All it means is that if you sell the house, you have to use the proceeds of the sale to pay off the existing Continue Reading
Public Transportation from Pasadena to Yosemite.
With many people road-tripping to make the most out of the July 4th break and summer vacation, one option has emerged as the most popular and hassle-free way to visit some of the largest trees on earth. Mariposa Grove of Giant Sequoias in Yosemite National Park recently reopened following three years of restoration to save the lives of the trees. The Gold Line, the Amtrak San Joaquin train, Continue Reading
TV REMOTES are an iconic staple of the American home.
TV REMOTES are an iconic staple of the American home. Developed in the 1950s with model names like the “Lazy Bones,” they were crafted to keep us planted in the overstuffed couches that eventually devoured them. Couples have sparred over remotes. Cable channels crafted slogans and game shows around them. Comics mocked their bewildering mix of buttons. But in the last few years, Alexa and Siri Continue Reading
Pasadena Museum of California Art is Closing. How Sad.
The Board of Directors voted on June 18 to close down the Pasadena Museum of California Art, when the current exhibition season ends on October 7, 2018. After sixteen years of presenting art and design through exhibitions that explore the unique cultural dynamic of California, the board of directors expressed thanks to all of the museum members, donors, contributors, lenders, and especially Continue Reading
What expenses to expect when you sell your house.
Selling a house has hidden costs, but planning ahead can eliminate last minute worries. Basic projects with professional help average around $ 4,985 Nationwide. They include: Painting Staging your home Carpet Cleaning Lawn Care Gardening Local moving costs According to US Today a range of an average high of $6,580 in San Jose and a low of $3,720 in Continue Reading
Colorado Street Bridge Party.
Pasadena Heritage is creating a celebration at the Colorado Street Bridge Party! Saturday, July 14, 2018 6:00pm - 11:30pm This night of music, dancing, vintage cars, free kids activities, and festive foods and beverages will be held along one of the most beautiful bridges in the world. Old favorites will return and new attractions are being added to make July 14th Continue Reading
New homes dominate real estate market in many areas.
If you are a homebuyer looking for a brand-spanking new house, you’re in luck in many parts of the country. The market is now flooded with the most brand-new, single-family houses to hit the market since the Great Recession, according to Realtor.com. The number of these newly-built homes, 795,000, jumped 7.7% from 2016 to 2017, according to the U.S. Census Bureau report on the Continue Reading
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