Keith Sorem's (keithsorem) Blog

Glendale, like most markets in Southern California, has seen a shift from a seller's market to a strong buyer's market.  Fueled by the mortgage meltdown in August and September of 2007, the number of buyers qualified to purchase homes has been severely decreased due to more restrictive lending gu...

The key to understanding the market is looking at the market trends.  We use a Market Index to put the market into a number that we can compare and track trends.  Above 1.20 is a seller's market, between 1.20 and 0.80 is a neutral market, and below 0.80 is a buyer's market.  Burbank's trends mirr...

The key to understanding the market is looking at the market trends.  We use a Market Index to put the market into a number that we can compare and track trends.  Above 1.20 is a seller's market, between 1.20 and 0.80 is a neutral market, and below 0.80 is a buyer's market.  La Canada does have s...

The key to understanding the market is looking at the market trends.  We use a Market Index to put the market into a number that we can compare and track trends.  Above 1.20 is a seller's market, between 1.20 and 0.80 is a neutral market, and below 0.80 is a buyer's market.  So looking at Glendal...

The key to understanding the market is looking at the market trends.  We use a Market Index to put the market into a number that we can compare and track trends.  Above 1.20 is a seller's market, between 1.20 and 0.80 is a neutral market, and below 0.80 is a buyer's market.  Some people I talk wi...

After the recent developments with Countrywide Home Loans I though readers might be interested in an update to my first three posts on "Hanging On To Your Home".Although in my particular market we have a very small number of foreclosures and short sales (less than 4% of the current listing invent...

The leaves have fallen, with the real estate market fluttering in the winter winds of the Foothills.  As most of you are preparing for Christmas, Realtors® are busy helping buyers and sellers figure out what to do next.  The Glencrest Team is working with buyers and sellers and we are busier now ...

As Christmas comes closer, most of us are focused on what Santa will bring down the chimney.  Realtors are wondering what will happen in the 2008 spring market.  I wish Santa would bring me a new crystal ball!An index of above 1.20 indicates a seller's market, between 1.20 and 0.80 a neutral mark...

As we approach the waning weeks of 2007, we can look back and begin to take stock of what was, what is, and what will be.  In just five months we've seen market index drop from 0.26, to 0.17, a decline of 0.09 points.  Last November Burbank was at 0.50.  Recall that a seller's market is above 1.2...

The leaves are falling from my maple tree, mirroring the sales activity in La Crescenta.  If you are a buyer, pay attention...actually, if you are a seller, you should too!Back in June, at the peak of the spring sales season, we had a market index of 0.31 with 155 active listings, selling 25.  Fa...