30% of Pasadena home sales are foreclosures or short sales

If buying or selling real estate in Pasadena, you need to be aware of how the distressed market will impact you and how to best take advantage of it.  I think everyone knows how to read a graph, so I will save the explanation. But are you aware that there are over 1400 Realtors with a Pasadena mailing address and just 50 Pasadena home sales in October?

Home Buyers interest rates are at historic lows, they are crazy low.  Interest rates will increase they always do. Keep in mind that for every 1% increase in mortgage interest rates, you will need about a 10% drop in property values to afford the same monthly payment.

Find Pasadena foreclosures here
 
Search Pasadena short sales here

Find all Pasadena listings here



 

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  • 11/15/2011 5:43 PM DAG wrote:
    What is interesting is not only the percentage of short sales, but also if you take a look at the average sale price and number of home sold. There doesn't seem to be a constant pattern there, but a back and forth volatility that is representative of what the economy as a whole has been doing.
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