Pasadena, CA Real Estate News

By Jeff Thompson
(Thompsons Home Inspections)
Attention top producing agents in the Pasadena, California area. I just want to let you know that I am looking for agents to assist in home and mold inspections, if you already have a Home and Mold inspector great. However, I would still like to be a back up if they cannot assist you for that inspection, for everyone knows that you are short on time and you needed that inspection done yesterday not next week. Our promise to you will be:1) The inspector will be there at the day and time agreed upon.2) Client satisfaction with a completed report on site, the report will be easy to read, and all of the photos will be in color. Plus you will have the photos on a CD disk.Thank you for your time. Please visit my website at http://www.thompsonsinspection.com Jeff Thompson.
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By Linda S. Lane
(Dilbeck Real Estate Real Living)
Every Wednesday, 8-11pm. The Robert Kyle Brazilian Trio at the Pasadena Arts Institute. Paseo Pasadena, 260 E Colorado Blvd. (Suite 206 on 2nd level in the Western Sector). www.robertkyle.com $10Jan 11-Feb 17  Orson's Shadow. Pasadena Playhouse 39 S. El Molino, Pasadena 626/356-7529 or 626/792-8672 www.pasadenaplayhouse.org $25 to $65Jan 19-Feb 9  Ray Bradbury's Invisible Boy. Fremont Centre Theatre 1000 Fremont Ave., South Pasadena 323/960-4451 or www.plays411.com/raybradbury $20 or $15/Seniors or $10/StudentsJan 18-20, 10am. Pasadena Bead and Design Show. Pasadena Hilton, 168 S. Los Robles. 580/274-1123 www.pasadenabeadanddesignshow.com $10Jan 19, 9-3pm.  Electronic Waste Collection Day. Pasadena Christian School. 1492 N Garfield, Pasadena 626/791-1214 or contact pwilliams@pasadenachr...
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By Doug Willis
(RE/MAX Property Concierge)
Properties of this size and character are very unique and rarely become available. First time on the market in 40 years this property offers 3 beds and 1.25 baths with approximately 1700 square feet on one side and two master suites adjacent on the other side in approximately 1600 square feet.The owners side has been updated with central air and heat. The property offers updated plumbing, a newer roof, and tremendous charm and character. The other unit is occupied by tenants on a month to month lease. Thee is a detached two car garage and beautiful landscaped grounds.Offered at $1,375,000 and Open Sunday, January 13, from 1-4pm
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By David Hood
(Chino Valley Real Estate)
Contact:    PASADENA TOURNAMENTOF ROSES ASSOCIATIONCaryn Eaves orVanessa Flores(626) 449-4100           HILL AND KNOWLTON, INC.Erica Amestoy (949) 223-2300Ilana Shenitzer (310) 633-9443 CL KEEDY ELECTED PRESIDENTOF 2008 TOURNAMENT OF ROSES® Keedy Announces Passport to the World's Celebrations as Theme for 2008 Rose Parade PASADENA, Calif. (January 18, 2007) - In a ceremony today, the Pasadena Tournament of Roses Association's Board of Directors confirmed CL Keedy as President for the 2007-2008 Tournament year. Keedy will provide leadership for the 119th Rose Parade and the 94th Rose Bowl Game on Tuesday, January 1, 2008. President Keedy revealed Passport to the World's Celebrations as the theme for the 119th Rose Parade. "I chose Passport to the World's Celebrations as the theme for th...
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By Teresa Lopez
(Piedmont Investment Company)
Hi everyone,On October 31st I got laid off. It was very emotional and difficult. I got promoted during the hardest period in our industry and I tried to make the best of it. Unfortunately it didn't quite work out the way I had hoped it would. Over the past month I have submitted my resume to some surrounding companies with no luck. I know that times are hard for everyone. I have since been forced to seek employment outside of escrow which really saddens me. I have been in this industry for 6 years, it is all I know.  Anyhow, now that I am able to access my active rain account again I thought I might try posting my resume on here to see if anyone is looking for my services. I'm not ready to give up on escrow just yet. Thanks for reading.. Teresa M. LopezCell: (626) 644-7605E-mail: tlopez...
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By Doug Willis
(RE/MAX Property Concierge)
In the current Pasadena housing market the only segment that is showing any growth has to do with the foreclosure market. Looking as far back as 1990 in Los Angeles County, foreclosure activity peaked in the third quarter of 1996 and did not begin to level off until approximately one year later. The foreclosure market hit bottom in the third quarter of 2005, but since then has been steadily increasing. When home prices are rising at 15 - 20% per year the amount of foreclosure activity is almost nonexistent as increasing equity can offset rising debt.What is Happening in Pasadena?The chart below indicates the amount of monthly foreclosure activity. For the most part, the foreclosure filings have steadily been increasing for about a year now. The activity appears to have peaked in August,...
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By Nancy Morris
(Kellerwilliams)
Rose Bowl Game Tickets The Rose Bowl Game is a contractual sell-out each year with the majority of the tickets distributed by the participating teams and conferences. Every person, including children (no child lap passes), must have a ticket to gain entrance to the Rose Bowl Stadium.   There will also be a selected number of tickets on sale for Pasadena residents at the Pasadena Civic Center Box Office on Saturday, December 1, 2007. Pasadena residents must show a picture ID with a Pasadena address or valid California picture ID with a document establishing Pasadena residency (i.e. phone bill, electric bill etc.) There is a maximum of two tickets; singles are available. Tickets are $142.50 per ticket ($135.00 face value in addition to $7.50 handling fee.)Line-up will be allowed beginning...
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By Ricardo Bueno
(Diverse Solutions)
Recommendation: Float, but float with caution! Contact me for a rate quote! So what's going on in the credit markets? If you've been following Stocks, you know that we had a volatile week last week; from Ana Connell's Burbank Market Report: "The Dow plunged 224 points after a volatile session, the S&P was down 21.07 or 1.4% and Nasdaq was down 68.06 or 2.5%.  Financial stocks are under pressure again, and they are bringing down most stocks."Well today, Bonds were under some pressure as Financial bellwether WalMart seemed poised to open up strong with a positive earnings and future outlook! Let's not forget that WalMart is a giant in the retail sector. Speaking of which, on tomorrow's Economic Calendar we have the important Retail Sales Report. If we see a strong Retail Sales number, it...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
 Ricardo Bueno and I decided to take a breather and visit Robeks down the street from my office in Pasadena.  Robeks specializes in fresh juices, shakes & smoothies.  It's located on the North West corner of Del Mar and Arroyo Parkway. Lucky for us, or I should say me, Ricardo won a "bring a friend" to Robeks drawing!  I was the chosen friend!  When we got there, we were treated to our choice of a smoothie.  Although, Ricardo's (since he was the winner) was significantly larger than mine.  :-(  We were asked if we wanted a healthy vitamin "boost" and made our way to a table where we had a fun time talking about Active Rain friends.  Were your ears burning?  Ricardo's spiky hair...And, last, but not least, we discussed the various programs available to buyers in Pasadena, CA and  how we ...
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By Doug Willis
(RE/MAX Property Concierge)
The real estate news for October just seems to get worse. Not that it wasn't unexpected, considering the current market conditions and the time of year. People just are not buying houses. One of the primary decisions in the purchase of a home is how much the payment will be and the factor that determines that is the interest rate. Interest rates are very favorable these days. Lender's have been offering 6 - 6.25% with no points for the past couple of weeks on a 30 year fixed rate conforming loan. Despite the fact that interest rates are historically low, most would be home buyer's seem content to sit on the sidelines and see if home prices will fall as the result of the ever increasing list of foreclosures continues to grow.Single Family HomesUnit sales for the month of October were off...
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By Doug Willis
(RE/MAX Property Concierge)
Every month we recap the housing statistics in the Pasadena area and provide an analysis of what is happening with respect to home values and how they correspond with the overall real estate market. On a macro level, the Pasadena Housing Market appears to be holding up pretty well compared to other parts of California. Each month the median price of a Single Family Residence continues to increase and the number of units that are sold continue to decrease.Sales for the third quarter continue to support this rationale:However, if we begin to break it down by sales price and by geographical area, things aren't quite as rosy as they appear. Since Pasadena covers such a wide socio economic area and offers many different types of housing, can house prices still be increasing when there are fe...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
One of the trendier areas of Pasadena, CA is unarguable the South Lake Avenue District. Lake Avenue is a beautiful tree-lined street that features 10 blocks of top retailers, smaller boutiques and fantastic restaurants. It is also the heart of Pasadena's financial district. South Lake Avenue District runs from Colorado Blvd to the North, to California to the South, Hudson Avenue to the West and Mentor Avenue to the East. The history of South Lake district dates back to 1947 when Bullock's (now Macy's) opened its doors. Prior to that, this was a residential neighborhood with homes lining both sides of the street. "The Store of Tomorrow" as Bullock's was called was designed by a renowned architect Welton Becket. His goal was to create unity both "inside" as well as the "outside" of the b...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
From STAFF REPORTS  Tuesday, October 30 | 6:15 amIn recent months there have been a series of residential burglarieswhere residents are tricked into stepping outside their residence byone suspect while another enters the home and steals property.These burglaries tend to be in the central and east portion of thecity just north of, and adjacent to, the 210 freeway.The suspects tell residents that their company is completing varioustypes of repairs or services in an adjacent yard and that they needaccess to the victim's yard and/or residence to complete the work.In other incidents, the suspects distract residents by saying thatthey lost their ball in the back yard or that they are looking for aneighbor to gain access to the neighbor's property or home.The suspects are described as two Hisp...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
 Ritz Carlton has been a landmark in Pasadena since 1904.  It overlooks San Marino and is set on 23 acres of the most beautiful, lush grounds.  It has 392 rooms and a wonderful spa.  My family and I have been to many Sunday brunches to celebrate special occasions. So... it's with a sad heart that I read today that Ritz Carlton sold for $170 million.  It was purchased in 1994 for $42.5 million by LACERA (Los Angeles County Retirement Association.) The Hong Kong company, Great Eagle, currently owns a chain of luxury hotels in Australia, New Zealand, London, Boston and Hong Kong.  The new name of the hotel has not been released. For additional information, please visit LA Times - http://www.latimes.com/business/la-fi-ritz24oct24,1,2512203.story?ctrack=1&cset=true
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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 Pasadena. The reason it is difficult to qualify for your Pasadena mortgage is because guidelines have changed drastically. Even reverse mortgages in Pasadena are getting harder to qualify for, leaving many looking for a honest mortgage company in Pasadena.Since many mortgage brokers in Pasadena 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 Pasadena. We here at America One Mortgage Group are a national company headquartered out of Southern California. We have offices in many states and fund millions of ...
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By Ricardo Bueno
(Diverse Solutions)
Recommendation: Continue to float but float cautiously! Contact me for a personal rate quote!  Mortgage Bonds traded modestly higher today. Remember...                        Bonds Rates Up = Interest Rates Down   |   Bond Rates Down = Interest Rates Up Important News Today:Initial Jobless Claims reported today well above expected levels for the highest weekly total in (7) seven weeks now...Important Housing News...  the Office of Federal Housing Enterprise Oversight (OFHEO) announced today that the conforming loan limit WILL NOT be reduced for 2008. The current conforming loan limit remains at $417,000. READ FULL REPORT! 
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By Ricardo Bueno
(Diverse Solutions)
Mortgage Bonds are modestly higher; remember... Bonds Rates Up = Interest Rates Down   |   Bond Rates Down = Interest Rates Up That brings us to our point...It's time to start floating those loans! We should be watching mortgage rates in Pasadena drop lower these next 3-7 days. Do not lock in your mortgage rate at application; lower rates may be here next week.  [CONTINUE TO FULL REPORT]  
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By Michelle Minch, Home Staging Los Angeles and Pasadena, CA
(Moving Mountains Design Home Staging, Pasadena, CA)
I'll let the pictures speak for themselves:                                                                                                          Dining Room Before                                                 Craftsman Dining Room After Staging by Moving Mountains Design. With a fresh new paint color and now clutter-free, all the beautiful original Craftsman details, like the built-in cabinets really stand out.                                                 OK, here is the Master Bedroom before:Sorry, I couldn't get into the bedroom to get a better angle. Somewhere in there is the bed that the homeowners were sleeping in!        And here is the Master Bedroom after staging:         This 1920's California Craftsman home located in Pasadena, CA sold in two weeks for the full askin...
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By Nancy Morris
(Kellerwilliams)
Once a year a number of the organizations and cultural institutions in Pasadena get together for an Art Night.  Well, this Friday, Oct. 12 is Art Night for 2007.  This year the artists involved were give the theme "Skin".  I am amazed at the diversity in the work that has resulted.  My friend, Dana Hursey, who is an eclectic photographer with an extremely varied background (everything from 14 Days in Great Britain  to commercial work for clients like Pacific Care and the White Sands Film Festival) was commisioned by the Pasadena Conservatory of Music to do a series of photographs for Art Night.  His work is currently on exhibit at the Conservatory.The Pasadena Playhouse is featuring all of the crafts associated with theater.  I am told their courtyard will be a great place to visit on F...
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By BZPros Real Estate Team
(Keller Williams Realty)
Hey everyone!Please visit our new resource RealSquid.comSee you there!The BZPros Real Estate Team
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