Rising Inventories.....What They Mean To You - 10/31/07 05:54 PM
If you are a buyer in Los Angeles, then you are in the driver's seat. According to a report compiled by ZipRealty, Los Angeles is at the top of the list of cities with the biggest housing inventories. Here is a list of the 10 U.S. cities with the highest housing … (6 comments)
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Happy Halloween! - 10/31/07 07:07 AM
Here are some safety tips for those going trick or treating with their little ones tonight:
Always choose costumes made out of FLAME RETARDANT materialWear reflective strips to increase visibilityUse a flashlightMake sure an adult inspects all treatsAll young children should be under the supervision of a responsible person at all times … (2 comments)
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The Economic Week Ahead..... - 10/28/07 12:36 PM
Monday 29 3 & 6 Month Bill Auction
Tuesday 30
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator of consumer spending and … (2 comments)
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Burbank City Council Update! - 10/28/07 12:45 AM
We don't have a very heavy agenda this week, but there were items of interest both for last week's and the upcoming agenda.
Items of Note:
Last week the Burbank City Council approved theparking amendment for multifamily dwellings.
This week the Council will look at the Rancho Amendment again, following up from the … (0 comments)
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The Economic Week in Review...... - 10/26/07 03:22 PM
Stocks rallied today with Microsoft's blowout earnings announcement, their fiscal first quarter earnings beat expectations by more than $1 billion and Countrywide's upbeat profit forecast for the future.
Overall, it was another turbulent week with rumors swinging the market every which way. Rumors that the Fed will lower interest rates … (2 comments)
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The Cyclic Nature of Real Estate - 10/26/07 01:06 AM
This is the first post in a series that looks at the current and past real estate market cycles.
The current cycle is starting to look somewhat like a 12 step program:
Step 1-Awareness of the subprime problem in late 2006
Step 2-Credit markets froze in July of 2007, which forced … (8 comments)
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The Rent to Own Transaction.....Is it for you? - 10/25/07 04:49 PM
In this challenging real estate market sellers who are not able to sell their properties through a conventional sale are proposing rent to own deals more frequently. For sellers, the advantage of this type of transaction is the likelihood that the renter will, at some predetermined point in the future, buy … (2 comments)
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Burbank Housing Market Update! - 10/25/07 12:19 AM
While certainly not the hardest hit area, Burbank has felt the pain related to the subprime situation. Increasingly buyers are finding it more difficult to buy a home, especially if the price is above the conforming limit of $417,000 and if they have any issues related to their credit history.
For … (3 comments)
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Over 50 Energy Saving Tips! - 10/23/07 04:26 PM
City of Burbank has an excellent page on their website, under conservation, that lists over 50 energy saving tips!
Many of these tips are common sense and you may be using them already, but there are some you may not have considered, such as:
Make sure the seals in the oven … (3 comments)
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City of Burbank Wins Clean Air Award! - 10/23/07 02:56 PM
Congratulations to City of Burbank for winning a clean air award from the South Coast Air Quality Management District(AQMD).
Thanks to Burbank’s environmentally friendly policies they joined with other Southern California cities to form the Five Cities Hydrogen Program in 2006. The other cities that participate in the program are … (1 comments)
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Air Quality Resources! - 10/23/07 02:35 PM
As you may have heard on the news or experienced first hand Southern California is in the midst of a fire season nightmare. These fires have been incredibly tragic for the many people who have been evacuated or lost their homes and belongings.
One of the issues that comes up with these … (1 comments)
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Burbank City Council Update! - 10/23/07 01:19 PM
Burbank City Council meets monthly at 6pm in the Council Chambers at Burbank City Hall. There are a couple of interesting items on the agenda tonight that are noteworthy.
Items of Note:
Parking Requirement Changes
The council will consider changing the amount of parking spaces required for multifamily residential projects. This item … (0 comments)
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The Economic Week Ahead....... - 10/21/07 01:13 PM
Monday 22
3 & 6 Month Bill Auction
Tuesday 23
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator of consumer spending and also represents about … (0 comments)
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The Costs and Risks of Staying “Out” of the Housing Market - 10/19/07 06:47 PM
Has the Housing Market Hit “Bottom”?
I am asked this question frequently and the honest answer is: I don’t know. But here is what I do know:
Market tops and bottoms are only recognized some time after the fact when we can look at the numbers in relationship to … (1 comments)
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The Economic Week in Review....... - 10/19/07 03:59 PM
Wow, what an end to this week! Dow was down 369.1 points, -2.7%, today for a weekly loss of 4.1%!
Items of note:
National Association of Home Builders Index came in at 18, lowest level since the index was started in 1985! Keep in mind that … (6 comments)
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Burbank City Hall Update! - 10/16/07 04:07 PM
Yes, I finally took some pictures of our City Hall! As you can see from this shot, it has some great architectural features!
Burbank City Council will NOT be meeting today, but meetings will resume next week, Tuesday, October 23, at 6pm.
One thing I wanted to point out is that if you … (3 comments)
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The Week Ahead........ - 10/14/07 06:08 PM
Monday 15
Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus 12.5
3 Month & 6 Month Bill Auction
Tuesday 16
Industrial Production Consensus.1%
Housing Market Index-Produced by the National Association of Home Builders. This is a survey which is filled out by the members of this organization and it gives their … (0 comments)
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The Week in Review....... - 10/12/07 09:22 PM
The big news was the release of Retail Sales, which increased a larger than expected .6%, best explained by the seasonal back to school rush. The bond market snoozed through the news but the stock market reacted positively.
Items of note:
Consumer Confidence fell to 82, lowest reading in a year, … (2 comments)
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The Week Ahead.......... - 10/07/07 04:49 PM
Monday 10
US Holiday.....Columbus Day!Tuesday 11
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains … (0 comments)
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Burbank Housing Market Report - 10/05/07 03:34 PM
Local Housing Update:
Period 9-15-07 to 10-05-07 Average new listings/day Average closed sales/day # Pending Sales/day
Burbank 3.8 … (1 comments)
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The Week in Review! - 10/05/07 03:21 PM
The big news was the release of NonFarm Payrolls today. They rose by 110k, which was close to the consensus but it sent bond prices sharply lower.
Items of note:
Pending Home Sales fell to a larger than expected 6.5% in August Bond Market closed the week with prices sharply lower: 2 … (0 comments)
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Out of the Ashes! - 10/05/07 01:37 PM
SUNDAY, OCTOBER 14
Bring a blanket and picnic, spend an afternoon with friends, family & neighbors.
Out of the Ashes is a special event in support of Griffith Park Recovery with a musical tribute to those who fought the fire.
Beethoven’s “Eroica” Symphony & World Premiere of Arthur B. Rubinstein’s “Life … (2 comments)
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Native Nights - 10/05/07 01:15 PM
In an effort to promote water conservation and bring back Burbank's native landscape, there will be a workshop where you can learn how to cultivate native and California friendly plants!
This event features Lili Singer, a recognized garden plant writer and plant expert!
Where:Buena Vista Library
When: Tuesday, October 23, 7-8:30pm
Monday, … (1 comments)
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Second Chance Weekend! - 10/04/07 11:52 AM
In order to promote awareness about our limited landfill capacity City of Burbank is promoting a "Second Chance Weekend" on October 13 & 14, 2007!
This is a statewide recycling event and it is our chance to keep household items out of our landfills! On this weekend you will not need … (3 comments)
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Burbank City Council Update! - 10/02/07 02:43 PM
There are items from last week worth mentioning:
City Council approved the carry over of funds toward the construction around the Magnolia Power Project.
The Council denied the permit parking request on Evergreen Street. new and revised energy efficiency programs for businesses and homes. What it means to you is that … (3 comments)
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