burbank realtor: G-7 Meets.....What's Next? - 10/11/08 01:07 AM
Group of Seven finance chiefs, vowed to do whatever was necessary to prevent the collapse of major banks.
The policy makers included representatives from the U.S., Japan, Germany, U.K., France, Canada and Italy.
The G-7 policy makers were under pressure to roll out new policies, but they came up short on … (3 comments)
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burbank realtor: 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 realtor: 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 realtor: Burbank Homeowners and Renters Assistance Program - 07/26/08 01:41 AM
Burbank homeowners and renters may be eligible for free state monies.
This valuable program is offered July 2 to August 28th for eligible Burbank seniors at the Joslyn Center, on Wednesdays from 9- 10am and Thursdays from 1-3pm, by appointment.
Free assistance will be given in order to receive these … (1 comments)
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burbank realtor: The Economic Week In Review....... - 07/14/08 01:32 AM
The big news for the week came late on Friday.
After market close, it was announced, that IndyMac Bank, a leader in “Alt-A” loans, had been seized by the Office of Thrift Supervision, due to a run on deposits. This made IndyMac Bank the 2nd largest federally insured financial … (2 comments)
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burbank realtor: The Economic Week In Review - 05/02/08 06:31 PM
Consumer Confidence fell from 65.9 to 62.3, lowest level since early 90’s.(Tuesday) FOMC Announcement-Fed lowered interest rates by .25%, to 2%. ,NAPM Chicago Index came in at 48.3. The report also showed that increasing costs of raw … (0 comments)
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burbank realtor: The Economic Week In Review - 04/25/08 06:22 PM
Exisiting Home Sales dropped 2% in March. The bad news was that housing supplies increased to 9.9 months, up .3 from the February number of 9.6. Median prices were up 2.5% to $200,700, but is down 7.7% as compared to the median price in March 2007. State Street Investor Confidence Index … (5 comments)
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burbank realtor: The Economic Week In Review - 04/18/08 04:23 PM
Retail Sales came in +.2%, better than the unchanged number they were expecting. Given that most of this increase came from sales at gas stations, I’m not really sure how you can put a positive spin on it. Business Inventories came in as expected at .6%. Many were hoping to … (0 comments)
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burbank realtor: The Economic Week In Review - 04/04/08 04:21 PM
The Economic Week in Review:
NAPM Chicago Index showed a slight jump in orders, which was positive, but also showed a jump in prices, probably due to rising fuel prices.
Motor Vehicle Sales were weak, lowest rate since 1996, Construction Spending was down but better than expected and ,ISM Manufacturing Index … (3 comments)
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burbank realtor: The Economic Week In Review - 03/28/08 05:12 PM
The Economic Week in Review: Existing Home Sales rose 2.9% in February, housing supply is sitting at 9.6 months nationally.The Case Shiller Index came out with LA County down 16.5%.Consumer Confidence continued it’s downward spiral to lowest level since 2003New Home Sales were down 1.8% to a 13 year low.Durable Goods … (1 comments)
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burbank realtor: Housing Stats For Burbank And Surrounding Areas! - 03/28/08 01:16 PM
Housing stats for February 2008 for Burbank, Studio City, Hollywood Hills, Glendale, Valley Village and surrounding areas!
Click here!
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burbank realtor: Congratulations Burbank! - 03/27/08 05:09 PM
City of Burbank was recently named one of the top 100 communities in the nation for young people. Burbank was the only city in Los Angeles County to receive this honor that was given out by America's Promise Alliance.
The Alliance has been conducting this contest for 3 years and it … (0 comments)
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burbank realtor: Have you heard of the Tod Deed? - 03/22/08 02:02 PM
In California, there is a proposal on the books, called the revocable transfer on death deed, or Tod Deed, that would give homeowners a simple, one page method to hand down property. This bill was introduced by Assemblyman Chuck Devore (R-Irvine) back in 2004! It was quickly downgraded to a study … (4 comments)
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burbank realtor: The Economic Week In Review - 03/21/08 12:53 PM
The Economic Week In Review is back!We had a very interesting week to say the least! Today the markets are closed in observance of Good Friday. Yesterday the market rose 262 points(2.2%) after a better than expected Philly Fed Manufacturing Index report. The financial stocks led the way, although I … (3 comments)
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burbank realtor: 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 realtor: The Economic Week Ahead... - 12/16/07 01:09 PM
Monday 17
Empire State Manufacturing Survey-Consensus 21.5 monthly survey of manufacturers in New York State.
Treasury Int’l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.
Current Account
Housing Market Index-Produced by the National Association of Home Builders. … (0 comments)
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burbank realtor: The Economic Week In Review... - 12/14/07 03:51 PM
We had some considerably volatile days this week……what it really boils down to is whether the Fed will be more concerned about the credit meltdown and the housing market versus inflationary pressures on the economy and the dollar’s weakness. Several analysts came out and predicted that we will … (0 comments)
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burbank realtor: The Economic Week Ahead..... - 12/09/07 06:55 PM
Monday 10
Pending Home Sales Index
3 & 6 Month Bill Auction
4 Week Bill and 10 Year Note Announcement
Tuesday 11
FOMC Annoucement-Consensus ranges from 25 to 50 basis points
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail … (2 comments)
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burbank realtor: Burbank City Council Update - 12/09/07 06:53 PM
Items of note from the last Burbank City Council meeting: The council unanimously approved to hire American Homeland Solutions in order to review the Burbank Police Department’s organizational structure and make recommendations. The review is expected to take 6 months and is part of an ongoing review process that occurs every … (1 comments)
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burbank realtor: The Economic Week In Review..... - 12/07/07 04:20 PM
After quiet days on Monday and Tuesday, the Dow soared ahead on Wednesday and Thursday, stalled on Friday. The overall weak trend in the data reported works in favor of a rate cut next week. It should be noted however that the stronger numbers in the payroll report could … (1 comments)
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burbank realtor: Holiday Decorating Contest - 12/04/07 11:04 AM
Every year the Burbank Civic Pride Committee invites all Burbank residents and businesses to enter the Holiday Outdoor Decorating Contest. This year marks the 25th Anniversary of the event!!! Only locations which have submitted entries will be judged. This year the categories are residential, commercial, and youth (age 16 and under). Entry forms … (6 comments)
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burbank realtor: What's Happening In Your Neighborhood? - 12/03/07 10:37 PM
Ever wonder if there is an easy way to know what’s going on in your neighborhood with respect to proposed projects?
The Burbank Planning Department has now made it much easier for you to see what is going in your neighborhood! Proposed and current projects are available via the Planning Projects … (1 comments)
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burbank realtor: The Economic Week Ahead.... - 12/02/07 11:53 AM
Monday 5
ISM Non Manufacturing Survey Consensus 54 This survey consists of almost 400 firms across 60 different sectors. Analysts like to keep an eye on the business activity index of this survey as it gives an indication of economic health.
3 & 6 Month Bill Auction
Tuesday 4
ICSC-USB … (1 comments)
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burbank realtor: The Economic Week In Review..... - 11/30/07 03:33 PM
This week saw volatile trading sessions, again, with the Dow down 237 points on Monday, up 217 points on Tuesday, up 332 points on Wednesday, up 20 points on Thursday and up 60 on Friday. Concerns over credit woes continued as well as rumors of Citigroup layoffs.
Items … (0 comments)
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burbank realtor: The Economic Week Ahead..... - 11/25/07 05:19 PM
Monday 26
3 & 6 Month Bill Auction
2 & 5 Year Note Announcement
Tuesday 27
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 … (0 comments)
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burbank realtor: Thanksgiving and Turkey Pardons! - 11/22/07 12:19 AM
Ever wonder about turkey pardons? Well, I did and thought I would do some research on the subject. Some think the tradition started with Abraham Lincoln pardoning his son’s pet turkey, others believe it started much later with Harry S. Truman. Although both of these versions have been referenced in many … (3 comments)
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burbank realtor: The Economic Day In Review - 11/21/07 11:39 PM
Very volatile day again! Some of the volatility has been blamed on Japanese currency traders who were said to be “unwinding” some positions. Rumors continued about Countrywide possibly having to go into bankruptcy, Countrywide did come out and deny these rumors late yesterday. Jobless Claims came in as expected but … (0 comments)
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burbank realtor: Burbank City Council Update - 11/19/07 05:36 PM
Items of note from the last Burbank City Council meeting:
Quiet zone was established on the Metrolink Ventura Subdivision at Buena Vista Street and Vanowen crossing. Vote was unanimous.The new California building and fire codes were unanimously adopted. Because of past complaints this ordinance will change the Burbank Municipal Code … (0 comments)
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burbank realtor: The Economic Day In Review..... - 11/19/07 04:02 PM
Well, we had quite a volatile day as the Dow closed below the psychological 13,000 mark. Dow was down 218 points and closed at 12958. Items of note:
Goldman Sachs downgraded Citigroup to a sell. Lowe’s lost 7.6% today on weak earnings.The National Association of Home Builders/Wells Fargo Index came in … (1 comments)
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burbank realtor: Burbank, Toluca Lake And Surrounding Area Home Sales! - 11/18/07 08:07 PM
This chart includes housing data for each respective zip code listed for the October 2007 period and percent change from October 2006 levels. As you can see from the table below, housing prices for the month have varied by area, but it’s interesting to note that the higher end of the … (1 comments)
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burbank realtor: The Economic Week Ahead..... - 11/18/07 04:57 PM
Monday 19 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 opinion of the general state of the housing market and the economy. 3 Month & 6 Month Bill Auction Tuesday 20 … (0 comments)
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burbank realtor: The Economic Week In Review...... - 11/16/07 05:17 PM
This week saw volatile trading sessions , concerns over rising fuel costs and the now usual credit rumors.
Items of note:
Pending Home Sales for September increased 0.2 percent higher to 85.7. But a look at the year over year data – down 20.4 percent — tells a more meaningful story. … (0 comments)
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burbank realtor: The Economic Week Ahead..... - 11/11/07 01:35 AM
Monday 12 US Holiday…..Veteran’s Day! Pending Home Sales Index Tuesday 13 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 … (0 comments)
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burbank realtor: The Economic Week In Review.... - 11/09/07 03:52 PM
Very volatile week with lots of interesting news.
The Dow plunged 224 points after a volatile session, the S&P was down 21.07 or 1.4% and Nasdaq was down 68.06 or 2.5%. Financial stocks are under pressure again, and they are bringing down most stocks. Today both Wachovia and Fannie Mae released … (0 comments)
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burbank realtor: The Economic Day In Review..... - 11/07/07 04:44 PM
A wave of negative news hit today....... Washington Mutual was hit by continued allegations of fraudulent appraisals. Additionally, analyst reports came out that questioned the viability of Citibank and others and indicated that banks would write down $100B in portfolio losses this year. Needless to say stocks got hammered with a … (4 comments)
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burbank realtor: The Cyclic Nature of Real Estate, Part 2 - 11/06/07 02:53 PM
This is the second post in a series looking at the cyclic nature of real estate. This is a somewhat simplistic look into a very complicated subject and is intended to provide some context for the current and future real estate cycles. Please keep in mind that the national statistics that … (2 comments)
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burbank realtor: The Economic Week Ahead.... - 11/04/07 02:28 PM
Monday 5 ISM Non Manufacturing Survey Consensus 54 This survey consists of almost 400 firms across 60 different sectors. Analysts like to keep an eye on the business activity index of this survey as it gives an indication of economic health. 3 & 6 Month Bill Auction Tuesday 6 ICSC-USB Store … (1 comments)
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burbank realtor: The Week Ahead.......... - 10/07/07 04:49 PM
Monday 10US Holiday.....Columbus Day!Tuesday 11 ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains … (0 comments)
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burbank realtor: 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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burbank realtor: 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 LibraryWhen: Tuesday, October 23, 7-8:30pm Monday, … (1 comments)
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burbank realtor: 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 realtor: The Week Ahead..... - 09/30/07 04:47 PM
Monday 1
ISM Manufacturirng Index Consensus-52.9 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.
3 & 6 Month Bill Auction
Tuesday 2
Pending … (3 comments)
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burbank realtor: 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 realtor: The Week Ahead......... - 08/19/07 11:02 AM
Monday 20Leading 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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burbank realtor: The Week in Review........... - 08/17/07 08:09 PM
And what a week it was! We saw housing starts and permits fall to their lowest level since 1996! Then Merrill Lynch put out a report suggesting that Countrywide Financial Corp., the biggest U.S. mortgage lender, could go bankrupt, naturally they lowered the stock rating to a sell. Next day, … (4 comments)
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burbank realtor: The Week Ahead........ - 08/12/07 01:50 PM
Monday 13Retail Sales- Consensus 0.2 Business Inventories-Consensus .4% 3 Month & 6 Month Bill AuctionTuesday 14Producer Price Index PPI Consensus Forecast for July 07: +0.1 percent ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one … (1 comments)
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burbank realtor: Bicycle Fever! - 08/06/07 11:42 PM
Are you thinking about buying a bicycle or getting back on the dusty one in your garage after watching the Tour De France? If you are, then you might want to check out the great online maps that are available for bike paths in Los Angeles County. Another great … (3 comments)
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burbank realtor: Is Your Home Energy Efficient? - 08/03/07 12:46 AM
City of Burbank Water and Power has a really great tool, the Home Energy Analyzer, that can help you analyze your home's annual energy consumption and give you suggestions as to how you can improve your home's efficiency.I would recommend that you have at least a few months of your … (2 comments)
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