I have always believed that real estate is strictly a LOCAL business. To this day, I am flabbergasted by the local Pasadena news media writing and panicking about national real estate trends. What does that have to do with Pasadena home sales? Very little!
The real estate market in and around Pasadena, California has been pretty steady. Its not as hot as it used to be, but were definitely seeing a shift to a more balanced market.