burbank homes for sale: Burbank Real Estate Sales Statistics For September 2008 - 10/01/08 04:46 PM
Burbank Closed Sales for September 2008
Month to month average sale price from August to September 2008 is down $14,258, year over year, average sale prices are down by $127,253 or 19%.
Average days on market, year over year are up 23 days.
Average square footage is down … (0 comments)
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burbank homes for sale: Is This The Bottom? - 09/17/08 06:25 PM
We had another eventful day in the financial markets today:
The Dow shed 449 points (4.1%) to close at 10610 amid fears the credit crisis will claim more victims
Interest rates....The 2-year treasury bill closed at 1.64%, the 5-year treasury note 2.52%, and the 10-year treasury bond gained 14/32s to … (9 comments)
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burbank homes for sale: Economic Round Up and Burbank Real Estate - 09/16/08 07:49 PM
The Federal Reserve left rates unchanged today, at 2% for the key benchmark, a surprise to some, but while they noted that the financial markets are under more strain with the credit crisis,they cited labor worries and inflation as their top concerns. Providing liquidity for the markets is high on … (1 comments)
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burbank homes for sale: Economic News And Impacts On Burbank And San Fernando Valley Real Estate - 09/14/08 02:38 PM
Former Federal Reserve Chairman Alan Greenspan, who served as Fed Chairman for 18 years, said this financial crisis will probably lead to the failure of more firms. He went on to say, in his interview with George Stephanopoulos, that this is the worst financial crisis he’s ever seen.
Treasury and … (0 comments)
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burbank homes for sale: August Closed Sales for Burbank - 09/10/08 07:31 PM
Month to month average sale price is up $30,186, year over year, average sale prices are down by $104,851 or 15.8%.
Average days on market, year over year are down 3 days.
Number of sales is up almost 10%.
These numbers are reflecting several factors……
• Year over year, … (0 comments)
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burbank homes for sale: Burbank Real Estate Statistics - 08/25/08 11:37 AM
Month to month average sale price is down $45,281, year over year, average sale prices are down by $150,000 or 22.83%.
Average days on market, year over year are up 27 days.
Number of sales is up 16%.
These numbers are reflecting several factors……
Year over … (0 comments)
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burbank homes for sale: Burbank Real Estate Stats for June 2008 - 07/24/08 12:50 AM
This information in taken from the SoCal MLS.
Housing starts in California in June rose 9.2%, but single family home construction declined 3.5% in the same period.
For more information, visit, Burbank Real Estate Report!
… (2 comments)
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burbank homes for sale: Buying a home? Tips to make your life easier! - 03/20/08 06:42 PM
Some of the most important elements of buying a home is knowing how much home you can afford to buy. How much money you have to put as a down payment and how much money you can afford to pay on a monthly basis may not only determine the size of … (2 comments)
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burbank homes for sale: 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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burbank homes for sale: 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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burbank homes for sale: 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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burbank homes for sale: 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 homes for sale: 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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burbank homes for sale: 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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burbank homes for sale: New Area Code for Burbank? - 09/24/07 01:32 AM
Apparently the 818 area code will run out of numbers by 2009 due to the demand for cell phones! The California Public Utilities Commission is proposing splitting the San Fernando Valley into two pieces and have a new area code, 747, for part of the area.
The other option on the table … (2 comments)
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burbank homes for sale: The Week Ahead..... - 09/23/07 03:36 AM
Monday 24
3 & 6 Month Bill Auction
Tuesday 25
Existing Home Sales-consensus 5.50M..... Year to year this number has dropped 9% and housing supply for July was at 9.6 months.
Case-Shiller Home Price Index
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total … (4 comments)
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burbank homes for sale: The Week in Review....... - 09/23/07 03:13 AM
Last week was quite eventful as we saw the Fed lower interest rates by 50 basis points to 4.75%! This is the first easing in four years!
They forcefully responded to concerns of economic weakness by lowering both the Discount and the Target rate, which are two key rates. This … (1 comments)
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burbank homes for sale: Google Presentations is Amazing! - 09/18/07 11:54 AM
Wow, I just read a post by Jeff Turner, entitled, Google Completes the Missing App-Presentations Arrive!
So, of course, I wanted to check this out!
For fun I took the post I wrote yesterday, Buy or Rent? and turned it into a slide presentation on Google Presentation.
You can view the end result … (11 comments)
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burbank homes for sale: Buy or Rent? - 09/17/07 07:19 PM
I'm frequently asked if buying makes more sense than renting. The answer is that there is no one answer as that decision depends on many factors, not the least of which involve your financial situation, job stability etc.
It warrants a good look and before I go any further, for the … (6 comments)
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burbank homes for sale: The Week Ahead...... - 09/16/07 11:59 AM
Monday 17
Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus20
3 Month & 6 Month Bill Auction
Tuesday 18
FOMC Monetary Policy Announcement Consensus 4.75% 50 basis point cut
Housing Market Index-Produced by the National Association of Home Builders. This is a survey which is filled out by the … (0 comments)
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burbank homes for sale: Taste of Downtown Burbank! - 09/16/07 11:58 AM
For a fun night out, come check out Taste of Downtown Burbank this coming Thursday, September 27 from 5:30pm-9:30pm.
It promises to be a fun event as over 30 restaurants and local eateries will participate by providing food from each of the establishments. There will also be a Beer and Wine Walk … (1 comments)
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burbank homes for sale: Burbank City Council Update! - 09/16/07 10:42 AM
There are items from last week and the upcoming week that I thought you might find of interest concerning the Burbank City Council.
Last week the Burbank City Council approved a "zone text amendment" for the Rancho area. As you may recall there was a heated discussion about this project last … (1 comments)
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burbank homes for sale: The Week in Review.......... - 09/14/07 05:57 PM
We're basically on hold until Tuesday, when the FOMC(Federal Open Market Committee) meets to discuss our future interest rate policy. Rumors have gone from 1/4 to 1/2 point decrease in the Federal Funds Rate. The question is whether this will be of any real value to the market. A 1/4 … (3 comments)
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burbank homes for sale: The Week Ahead........ - 09/08/07 09:06 PM
Monday 10
Consumer Credit
This report represents the overall value of outstanding consumer credit debt. Very simply put, … (4 comments)
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burbank homes for sale: Pending Home Sales and Mortgage Market Update! - 09/05/07 11:31 AM
The Pending Home Sales number came out this morning at down 12.2% for July versus the 2% that was expected. Realtors are reporting that sales are taking longer to close and many are failing to close. Much of this, I'm sure, is tied to our current credit market situation and how … (4 comments)
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burbank homes for sale: The Week Ahead....... - 09/02/07 02:29 AM
Monday 3
Labor Day!
Tuesday 4
Construction Spending-Consensus 0% Good indicator of the economy's momentum.
ISM Manufacturirng Index Consensus-53.0 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, … (0 comments)
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burbank homes for sale: The Week Ahead........ - 08/26/07 05:47 PM
Monday 27
Existing Home Sales-consensus 5.70M..... Year to year this number has dropped 11.4% and housing supply at 8.8 months. June sales were down 3.8%.
3 & 6 Month Bill Auction
Tuesday 28
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is … (1 comments)
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burbank homes for sale: I've been book meme'd!!!! - 08/26/07 05:17 PM
“I think of life as a good book. The further you get into it, the more it begins to make sense.”
Harold Kushner
Beth Bastian book meme'd me and I have to say that I had a very hard time narrowing my choices down to 5 books! Here goes:
The Hitchhiker's Guide … (4 comments)
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burbank homes for sale: The Week Ahead......... - 08/19/07 11:02 AM
Monday 20
Leading Indicators-Consensus .4% -Report looks at ten different sources that are supposed to indicate overall economic activity. This figure tends to be revised after the fact and does not do a … (1 comments)
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