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Is the Housing Market Stabilizing?

Is the Housing Market Stabilizing?

The last couple of posts focused on the general California real estate statistics.  I thought that it would be fun to follow up with some articles from around the state talking about national real estate activity and the housing market.  Please keep in mind that real estate is very local.  The state of real estate in Pacific Palisades, for example, is very different from the health of Pasadena California’s real estate market.

To see the current, local real estate trends, take a look at September’s real estate report for Pasadena California here.   Otherwise, enjoy the following articles.

San Francisco Chronicle

Signs of hope housing market may be stabilizing

Sales of existing homes increased a larger-than-expected 7.2 percent in July compared with the previous month, according to the NATIONAL ASSOCIATION OF REALTORS®.

To read the full story, please visit Signs of Hope – housing market may be stabilizing.

The Wall Street Journal

The foreclosure pain may drag on for years…

Delays in dealing with home foreclosures are stretching out the pain for the U.S. housing market.  That has stirred lots of debate over whether it is better for the nation to face the pain of millions of foreclosures immediately—to get it over with fast—or to draw the process out over several years in hopes that the economy and housing demand will recover.

To read the full story, please visit Foreclosure pain may drag on for years article.

San Francisco Chronicle

First-time home buyer tax credit set to expire

The $8,000 federal tax credit for first-time home buyers is soon to expire, causing anxious house hunters to hustle and prompting a debate in Congress over extending a program that some say is central to the fragile real estate recovery.

To read the full story, please visit Home Buyer Rebate is Expiring.

Los Angeles Times

Too many palatial homes, too few princely buyers

As more sellers decide to cut their losses and move on—or are compelled to do so by their lenders—the most expensive homes could slip from their perch at the top rung of the market.

To read the full story, please visit the full article here.

For those of you interested in buying a Pasadena home or are just curious about Pasadena property for sale, please take a look at the Pasadena homes for sale below. Feel free to sign up for a FREE membership to the MLS (Multiple Listing Service) listings by creating a VIP accounts below.

For details on any of the above Pasadena homes, please visit Pasadena homes for sale.

Read More:

Getting More House for your $

9 Stupid Things Buyers do to mess up their home purchase

The fastest way to lose your earnest money deposit

Homes for Sale Information:

South Pasadena City Guide

Pasadena Real Estate Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

 

If you are thinking of buying or selling your Pasadena home, condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439

 

IRINA NETCHAEV

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

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Posted on October 9th, 2009
Posted by: Irina Netchaev

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