coming soon

I have a 3 bedroom Spanish style home in Pasadena coming up.

It will be priced below market for sure, and for good reason. It needs a little work, has a minor zoning issue that probably can be fixed easily, and it's a short sale so it might take a month or so to get lender approval. If you are interested, just let me know, I have a layout, more pictures, and can give you the address.

been sooooo busy

been so busy with my new underpriced listing. check it out www.SouthOakland.info. So far I have multiple offers, well above the asking price, and now I just have to make sure it closes.

The National Association of REALTORS® (NAR) reported the largest jump in pending sales in nearly eight years, largely due to the $8,000 tax credit stimulus for first-time home buyers. There is talk about extending it, and maybe even increasing it since there are a lot more foreclosures coming.

Fast Facts

Calif. median home price - May 09: $267,570 (Source: C.A.R.) highest median home price by C.A.R. region April 09: Santa Barbara So. Coast $875,000 (Source: C.A.R.). Lowest median home price by C.A.R. region April 09: High Desert $106,210 (Source: C.A.R.). First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.) Mortgage rates - week ending 6/25/09 30-yr. fixed: 5.42% Fees/points: 0.7% 15-yr. fixed: 4.87% Fees/points: 0.7% 1-yr. adjustable: 4.93% Fees/points: 0.7% (Source: Freddie Mac)