Website offers a wealth of info for homebuyers

Posted in Advice

From Kevin Smith @ SGVNBiz on Twitter. Most people who are looking to buy a home check the prices of comparable homes in the area and the quality of local schools. But Realtytrac’s new property website www.HomeDisclosure.com goes well beyond that. It identifies registered sex offenders in the area as well as drug labs that have been found, while also giving potential buyers financial details such as the current equity status of each property. And if that wasn’t enough, the website also provides neighborhood data pertaining to the risk of floods, earthquakes, tornados, wildfires and hurricanes. Additional information is provided on superfunds sites in the area, as well as brownfields, storage tanks and spills that have occurred.

PASADENA E-WASTE RECYCLING & DOCUMENT SHREDDING EVENT NOV. 7, 2015

Posted in Events

Residents and businesses can safely dispose of electronic waste and have personal and business documents shredded at the City’s popular e-waste event from 9 a.m. to 3 p.m., Saturday, Nov. 7, 2015, in Parking Lot I outside the Rose Bowl Stadium near Brookside Park, 360 N. Arroyo Blvd.  The event is sponsored by the City’s Department of Public Works.

Shredding trucks and e-waste collection sites will be arranged at different stations in Parking Lot I.  Look for signs directing you to the event.  Motorists and bicyclists are advised to use caution while traveling through the area.

E-waste items include computers, keyboards, printers, monitors, laptops, docking stations, scanners, shredders, fax machines, computer mice, telephones, televisions, flat screens, VCRs, DVD players, PDAs, cassette players, tape drives, stereos and household batteries.  Many of these products have parts that can be recycled.

Public Works is also helping residents and businesses prevent identity theft by providing free paper shredding during the event.  The public can bring a maximum of five legal-size boxes for shredding.  Sensitive documents such as receipts, checks, pre-approved credit applications, credit card statements, outdated tax returns, pre-printed envelopes, return address labels and business cards are items that can be shredded.

For more information about the free e-waste collection and document shredding event, visitwww.cityofpasadena.net/PublicWorks or call (626) 744-7311.

Stay connected to the City of Pasadena!  Visit us online at www.cityofpasadena.net; follow us on Twitter @PasadenaGov, www.twitter.com/pasadenagov, and Instagram @PasadenaGov,www.instagram.com/pasadenagov; like us on Facebook at www.facebook.com/cityofpasadena; and subscribe to our YouTube channel at www.youtube.com/pasadenagov.  Or call the Citizen Service Center, 7:30 a.m. to 5 p.m., Monday through Friday at (626) 744-7311.

 

LA Housing Market a safe bet, despite rising prices, Report Says

Posted in News

What may feel like a real estate bubble in Los Angeles — with all-cash offers and frenzied bidding wars — is actually the midpoint of a steady housing market recovery, analysts say. The UCLA Anderson Forecast released Monday (9/28/15) said L.A. is only three years into a rebound that started in 2012. Home prices have since climbed 27 percent. History suggests there will be four more years of price increases and home values will go up another 35 percent before there is any sort of correction. … While entering the market is tough, buying a home right now in Los Angeles isn’t as risky as the high prices make it feel, the report said.  For the full story, please click here.

Yellen Weighs Interest Rate Hike

Posted in News

From Bloomberg … A rout in emerging markets led by China … triggered an equities sell-off in the U.S., with the Dow Jones Industrial Average dropping by more than 1,000 points in early trading before paring the decline to 588 points, or 3.6 percent, as of 4:15 p.m. in New York [on 8/24/15] . The turbulence had investors questioning whether the durable U.S. economy could withstand weakness abroad and wondering what that means for the timing of the Fed’s interest-rate liftoff.

“If market turmoil continues, the Fed will hold off hiking at the next meeting,” said Jonathan Wright, a professor at Johns Hopkins University in Baltimore and a former economist at the central bank’s Division of Monetary Affairs. “These market movements are getting sizable, and raise downside tail risks to growth and inflation.” See more here.

Rents rise to ‘crazy’ levels: Zillow

Posted in News

It’s not your imagination. Rent really is too high. The cost of renting a home in the U.S. has risen to its least affordable levels ever, taking up a record proportion of income in most major cities, according to a study from property website Zillow.

“Rents are crazy right now,” Dr. Svenja Gudell, chief economist at Zillow, said in a statement. … Renters in the U.S. can now expect to pay around 30.2 percent of their monthly income for rent, the highest percentage ever, up from pre-housing boom levels of around 24.4 percent, according to the analysis of second-quarter data on rental and mortgage affordability, which was released Thursday. The historical comparison period covered 1985-2000. Continued at CNBC.com.

Home Prices Rise in Nearly All Metro Areas in Second Quarter

Posted in News

A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro areas during the second quarter, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price increased in 93 percent of measured markets1, with 163 out of 176 metropolitan statistical areas2 (MSAs) showing gains based on closings in the second quarter compared with the second quarter of 2014. Thirteen areas (7 percent) recorded lower median prices from a year earlier.

The number of rising markets in the second quarter increased compared to the first quarter, when price gains were recorded in 85 percent of metro areas. Thirty-four metro areas in the second quarter (19 percent) experienced double-digit increases, a decline from the 51 metro areas in the first quarter. Nineteen metro areas (11 percent) experienced double-digit increases in the second quarter of 2014.  For the full story, click here

Letter to a Millennial Future Home Buyer from Realtor.com

Posted in News

Dear Millennial Future Home Buyer:

This is shaping up as your year! Congratulations. You and your older siblings are jumping into the housing market en masse. And it’s happening for all sorts of reasons, including the fact that you’re getting older and wiser.

Approximately 43 million of you are 25 to 34 now…That’s the age when Americans typically buy their first homes, and we expect nothing less of you. You and your cohorts outnumbered all other age groups of home buyers last year—even though not as many of you were buying as usual in a healthy economy. Read more by clicking here.

Summer Fun for a GOOD CAUSE

Posted in Events

Are you up for some summer fun?  Please help support our fundraising efforts for the American Cancer Society’s Relay for Life by joining us at the Ice House for a special comedy show on Saturday, July 18, 2015 at 6 p.m. Tickets $15. Please contact Leslie at 626/975-4010 if you are interested in attending.

Also, please consider joining us at the Arcadia Association of Realtors’ (AAR) and West San Gabriel Valley Association of Realtors’ YPN Bowling Tournament on Tuesday July 21, 2015 at 7 p.m. at Action Lanes Bowling Center in El Monte.  Tickets are $15 for bowlers (shoes included) and $5 for non-bowlers.  All tickets include food and refreshment.  Tickets can be purchased online at www.The AAR.com.

Funds raised at both events will go to support the AAR’s Relay for Life Team.