Architectural treasures and real estate for sale in the city of Pasadena, California.
United States housing data released last week showed further improvement. Existing home sales were up 2.4 percent from November, and it was announced earlier in the week that housing starts were up 4.4 percent. Single family home sales are rising, but the real strength is in multi-family structures with five or more units, said Bob […]
Here is a news release we saw on Housing Wire a few minutes ago: Both government-sponsored enterprises officially announced their individual 97% loan-to-value products, in the government’s latest attempt to expand the credit box for first-time homeowners. Back in October, the Federal Housing Finance Agency announced a number of policy steps aimed at increasing mortgage […]
A recent report predicts that real estate agents will have less and less involvement year after year. The prediction is that in a decade or two, the job of the real estate agent will only be to open the door to showings. A new report is titled “Fast Forward 2030: The Future of Work and […]
Last month we saw downturns in most areas we track in Pasadena, and speculated that it may represent the beginning of the holiday slowdown, but this month’s report shows that the market is not only seasonally slower but slow in comparison to last year at this same period. Inventory in October was up to its […]
Here is interesting news for home-buyers lusting after great real estate but finding credit standards onerous. Fannie Mae , Freddie Mac and mortgage lenders are nearing an agreement that could lower barriers and restrictions on borrowers with weak credit, a move that would expand access to home loans amid the sluggish housing recovery. The move […]
Is Pasadena slowing like the rest of California? There are signs that it is, though it’s hard for us to say since every listing we’ve had in the last three months has sold over the asking price with several offers on each. Madeline Schnapp of Property Radar says that “The bloom is definitely off the […]
A patchy labor market recovery has meant significant variations in job and income growth between regions across the U.S., which in turn has intensified the divergences across the country’s housing markets. “Housing markets are playing out at very different speeds partly as a result of the lack of geographical breadth in the labor market. Certain […]
I rented a house from Caltrans in South Pasadena when I first arrived in 1963. It was a month-to-month rental because they told me it would be demolished at any time. I drove by that house yesterday and its still there, and still houses a Caltrans tenant. Well here’s news – Caltrans will offer for […]
Recent waves of good news have been emerging on the national real estate scene. Mortgage rates are down, inventory is up and new jobs are being created – all signs of an improving market. Now there is some fruit — as a new National Association of Realtors study for May has found that pending home […]
James MacPherson wrote, and David Cross researched and interviewed principals to describe a proposal to create miles of bike boulevards and protected bikeways while eliminating lanes of automobile traffic and scores of parking spaces along major Pasadena streets. The proposal recently went before a city committee. Here are excerpts from their article. The Bicycle Corridors […]