Eagle Rock, CA Real Estate News

Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market.   The Market Index closed at 0.23, up nine points from last October’s 0.14 and up four points from September   New Listings – Thirty-nine new listings compared to 94 October in 2007.   Pending Ratio – 23 listings entered escrow, compared to 22 in September and 18 in 2007.   Pending Ratio – Jumped to 0.59 from 0.23 in September, compared to 0.23 last October.   Listing Inventory  - Two-hundred-twenty-two, down seven from 227 listings, the fifth month in a row that inventory as dropped (327 listings in October of 2007).    Units Sold - Twenty-nine listings sold, in September twenty-two homes sold. In 2007 twenty sold.   Average Sale Price - $421,12...
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Save the date!  The Tenth Annual Eagle Rock Music Festival is almost here! The yearly FREE music festival with a unique and independent community vibe, takes place on Colorado Boulevard in Eagle Rock, on Saturday, October 4, 2008, from 5p.m.-Midnight. Remember Colorado Boulevard is closed to through traffic before and during the fesitval. Highlights include:- Abe Vigoda, Crystal Antlers, Earlimart, Mika Miko, Princeton, Pizza!, Gangi, the Evangenitals and Edward Sharpe and the Magnetic Zeroes (a project of IMA Robot's Alex Ebert) on the outdoor Emerging Stage, showcasing artists from the diverse variety of independent music scenes in and around LA's Eastside.- A Global stage curated by Los Angeles-based collective Dublab Soundsystem, bringing soulful, global roots music ranging from jaz...
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Save this date!  The tenth annual Eagle Rock Music Festival  takes place "SATURDAY, OCTOBER 4 2008 // 5PM-MIDNIGHT". Musicians perform at sixteen unique one-night-only venues ranging from tire shops and formal stages to coffee shops and even motel poolsides up and down Colorado Boulevard, which is closed to vehicle traffic, and open to crowds of pedestrians between Eagle Rock Boulevard and Argus Street. Each venue highlights a different type of music, going beyond genre boundaries to create a place where Angelenos of all-ages can find a melody, beat, or guitar riff to enjoy. Only one LA publication, Arroyo Seco Journal,  has published the complete, formal lineup of artists for the October 4th event.:  http://www.asjournal.net/localnews.html Eagle Rock Music Festival on MySpace http://ww...
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Center for the Arts, Eagle Rock proudly presentsBallet in the Park featuring Eagle Rock Dance Company Sunday, July 13, 3pm-4pm & Sunday, July 20, 3:30pm-4:30pm Paquita Variations A 22 minute excerpt from the ballet "Paquita" Choreography by Marius Petipa Restages by Melba Morris Melba Morris, Artistic Director Eagle Rock Recreation Center 1100 Eagle Vista Drive Los Angeles, CA 90041 Join us picnic style on the grass, bring hats, sunscreen, and chairs. Free Admission! Everyone is welcome! Center for the Arts, Eagle Rock     email: sonja@cfaer.org web: http://www.centerartseaglerock.org
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By Steven Galindo
(Keller Williams Realty, Pasadena)
Real Estate Market Update For The City Of Eagle Rock, Ca, 90041 Month Of June 2008   In my endless pursuit to keep my friends, family and past clients updated in the Real Estate Market, I am submitting to you the following statistics for the city of Eagle Rock.    The following is the criteria I used;   Property Type: Residential   Property Subtypes: Condominium, Planned Unit Development (PUD), Single Family Residence, Townhouse   Properties that have opened escrow for the month: 9 Average days on the market for properties that have opened escrow: 59 Minimum price of properties that have opened escrow: $399,000 Average price of properties that have opened escrow: $571,000 Highest price paid for a property that has recently opened escrow: $795,000 Properties that have sold for the month:...
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I'm local to Eagle Rock...after all I grew up there! For those of you not familiar with the area, Eagle Rock is part of North East Los Angeles (speaking of which, if you want to get familiar with North East Los Angeles, you can visit NELALive.net; I'm a contributing editor there). The picture on your right is that of the rock the community was named after. It was previously known as La Piedra Gorda (which means Fat Rock in English) and was an early tourist attraction here in Los Angeles. Even the former Director of the Southwest Museum said it's..."the most distinctive natural landmark in the City of Los Angeles."I know we work hard and drive to and from work in a hurry...but the next time you're on the 134 freeway headed towards Pasadena, look to your left and admire this little piece...
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By Hayden Gerson
(HPM Financial LLC)
In the last year over 100 mortgage lenders have gone out of business due to the "mortgage meltdown" as most of you might now it is getting much more difficult to qualify for mortgages in Eagle Rock. The reason it is difficult to qualify for your Eagle Rock mortgage is because guidelines have changed drastically. Even reverse mortgages in Eagle Rock are getting harder to qualify for, leaving many looking for a honest mortgage company in Eagle Rock.Since many mortgage brokers in Eagle Rock are going out of business, and others are not able to get you qualified, you need to call a reputable company to help you with your home mortgage in Eagle Rock. We here at America One Mortgage Group are a national company headquartered out of Southern California. We have offices in many states and fund ...
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Eagle Rock Music Festival 2007 featured an outstanding musical lineup of rock, jazz, hip-hop, salsa, international and latin bands.Here Tom, Mike and Bob talk to a vistor at our booth  Mime Mark Wenzel, an Eagle Rock resident, strolled the Boulevard in his Professor Weasley persona, intriguing people with his theremin.    Capoeira  is an amazing blend of martial arts and dance, set to an commanding rhythm.  You can sense the energy as the crowd takes up the chant.  Be forgiving of this videographer -- I was squeezing through the crowd from about 8 people back. More Capoeira videos on YouTube
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By Mario Villagran, MBA, Realtor
(U.S. Spaces)
For those of you online wondering what to do tonight there's a fun and FREE event in Eagle Rock.  Eagle Rock is part of Los Angeles and has gotten it's name from a rock that sits over the 134 freeway before you enter into Pasadena. This town is bordered by Pasadena and Glendale is very much alive. This event is in it's 9th year and shows how vibrant this community has become.  If you'd like to go out and enjoy some up and coming bands for FREE and then I encourage you to attend.  For more information click on the link below.Saturday October 6th, 2007 from 5pm to midnight. http://www.centerartseaglerock.org/
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By Cheryl Johnson
This Saturday October 6, 5 PM - MidnightColorado Boulevard (the main drag of Eagle Rock) will be closed to traffic between  Argus Drive and Eagle Rock.  Performance stages will line the street.   For the line up, directions, and more info  visit the Festival's MySpace page You can find us at a sponsor table somewhere inbeween Camilo's Restaurant and Colorado Wine Co.  (at least I think that's where our table will end up  :-)  )   If anyone here is in the vicinity of Northeast Los Angeles this Saturday, please stop by and say hi!
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By Cheryl Johnson
I've mentioned before how much I love the old  Eagle Rock Branch library.  I mentioned the pictures in my mind of the way books were arranged on the low shelves in the children's section, the light streaming in through the high windows. The library was closed in 1971 due to earthquake damage, however, thanks to the dedicated efforts of preservationists and community members, the building was saved and renovated and reopened in 1997 as the Eagle Rock Community Cultural Center.Last night, I had the pleasure of visiting the old library building for an Eagle Rock Music Festival sponsor party, and I wanted to share a couple photos I snapped of the building's interior.  I think you can see why it is so well loved by the community. 
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It is believed that early day Native American Tongva living in the area and coming upon this distinctive sandstone rock formation, very fittingly bestowed the title of the "Eagle Rock," which in actual fact does bear a striking resemblance to the head and wings of an eagle in flight. The Eagle Rock is a huge "conglomerate" or "puddingstone". Twelve million years ago there were hot springs just north of the rock. Lime from the springs cemented thousands of field stones and boulders together to form this one great rock. Near the top of the rock, erosion has formed an overhang which when viewed around the noon hour casts the shadow of a spread eagle.Continue reading at NELALive.net.....
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By Eddy Martinez
(Nationwide Funding Group)
Designating the Escrow HolderThe escrow holder may be any disinterested third party and the choice of an escrow agent is always that of the buyer, seller, or the lender. However, they probably do not have a relationship  with an escrow agent, and may rely on the advice of their real estate professional. Basic Requirements for a Valid EscrowEvery sale or transfer (refinance)  has two basic requirements to be valid :(1) a binding contract between the lender, buyer and seller(2) conditional delivery of transfer documents to a thrid partyThe binding contract can be an offer to purchase (deposit receipt), agreement of sale, exchange agreement, option or mutual escrow instructions to the lender, buyer, or seller.  Eddy MartinezBest Rate Funding - Direct Lender - Wholesale RatesSenior Loan Con...
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By Eddy Martinez
(Nationwide Funding Group)
The housing market is shaped mainly by the inventory of available housing, by housing affordability and by the present interest rates on mortgages. California`s inventory of housing units is not enough to meet the demand because our population increases faster than our supply of housing. Nearly 250,000 new households are formed every year and about 190,000 new housing units are are bulit ---- creating a shortfall of about 60,000 units. With a shortage of housing, there is a extreme demand. The next thing to look at is the affordability index. The affordability index shows how many households will be able to afford a median-priced home in California. As the affordability index gets lower it means that fewer households will be able to buy a home. For example, if the affordability index fa...
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