We are planning to buy a condominium in the Los Angeles area, we liked one in Pasadena & one in Irvine. I don’t know much about the places as we recently moved to LA, which place would be a better option and how are the schools in these areas.
Thank You.
WELCOME TO NEW TAMPA!
JUST OUT – Tuesday June 3 on fast Money CNBC from Washington….pending home sales increase 6.7% in April month-to-month. That is the 3rd straight month of rises in the pending homes sales index. Buyers are responding to favorable market conditions such as: 1) Increased affordability, 2) The first time home buyer tax credit and 3) Low, low mortgage rates.
This is backed up by Bloomberg’s News Article dated May 27 which stated the following:
Home resales in the US rose for the second time in 3 months in April as foreclosure auctions and cheaper prices spurred bargain hunters, supporting the case for an end to the industry’s slump this year. “The housing market is beginning to stabilize,” Fed Chairman Ben S Bernanke said in congressional testimony on May 5. “We continue to expect economic activity to bottom out, then turn up later this year.”
Locally, a pick up in sales has helped trim the glut of unsold homes, with the most desirable homes being the first to sell. This decrease in inventory leaves the buyers who are waiting for “the bottom” (who knows when that will be, but it’s close) finding that the less-than-desirable properties remain. Compound that with the risk of mortgage rates increasing and you have even more reason to BUY NOW. For first time homebuyers, the $8,000 tax credit applies to purchases completed before Dec 1, 2009. Short sales (a large part of our current market) can take 90 to 120 days or more to close, so first time homebuyers need to BUY NOW. Multiple bids are now common on foreclosure sales and even short sales, so you may have to make several offers before getting a contract, so BUY NOW to get the best deal on a great home!
New Tampa currently has 548 active listings, with 394 sales from Jan-May. At this rate there is only a 7 month supply of inventory!
Search all Tampa Bay properties at www.TampaCoastalHomes.com or better yet,
call me for your FREE boat tour! Call (813) 390-7606
Thanks,
Bonnie
No one thinks about the city of Pasadena, California, unless it is Rose Bowl or Rose Parade time, except for Los Angeles County residents and people who hear the song “Little Old Lady From Pasadena”.
When tourists think about visiting California they most often think about going to Disneyland or cities like Los Angeles and San Francisco or beach cities like Long Beach, Monterey, Newport Beach, San Diego, Santa Monica, etc.. Very few of them think about visiting or staying in “small town” Pasadena and that is a big mistake.
No matter what you are looking for in a vacation or what you wish to do you can find it in or near Pasadena. The city itself has over four hundred (400) restaurants that serve amost any type of food that you can imagine, dozens of art galleries and antique shops, fine museums like the Huntington Library and the Norton Simon Museum of Art, hotels of all categories from inexpensive motels to the Ritz Carlton, night clubs and comedy clubs, beautiful homes with magnificent gardens that can be seen while driving through the city, over two hundred (200) churches, shopping galore and much more.