Real estate blog entries tagged with burbank ca by Keith Sorem (Keller Williams Realty)

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Home : Blogs : Keith Sorem : Keith Sorem's Blog : Tag "burbank ca"

burbank ca: Real Estate Market Index Report Burbank CA February 2010 - 03/10/10 05:41 PM

Real Estate Market Report
Burbank, CA February, 2010

Burbank At A Glance
The Market Activity Index decreased due to three primary factors: More new inventory coming on the market, fewer sold listings closing escrow, resulting in an increase in listing inventory. The new Federal Tax Credit for buyers requires escrow to open by April 30th and close by June 30th. With interest rates anticipated to increase as much as one full point, now is the time to lock your rate and buy. It's the perfect storm for buyers - low interest rate, more inventory, and the Federal … (0 comments)

burbank ca: Real Estate Market Index Report Burbank CA December 2009 - 01/11/10 04:02 PM

Real Estate Market Report
Burbank, CA                      December, 2009
The Market Activity Index increased due to more properties closing escrow and fewer new listings coming on the market.    The Federal Income Tax Credit of $8,000 was to expire on November 30th which may have affected buyer decisions.    Interest rates are poised to increase in the spring, so if you are thinking by buying now is the time. The new Federal Tax Credit for buyers requires escrow to open by April 30th and close by June 30th.

Market Activity Index - 0.73- up 12 points.
The market index is … (0 comments)

burbank ca: Real Estate Market Index Report Burbank CA October 2009 - 11/19/09 05:50 PM

Real Estate Market Report
Burbank, CA                     October, 2009
The Market Activity Index declined due to a jump in new inventory, namely two condo projects. Contrary to Glendale, the developers in Burbank are by and large opting to sell their new projects, while in Glendale they are opting to lease them. This is a great time to buy, with the extension of the income tax credit and the favorable interest rates, which are predicted to increase in the spring when the stimulus funds are exhausted.

Market Activity Index -0.65 - down 16 points.
The market index is … (0 comments)

burbank ca: Real Estate Market Index Report for Burbank CA June 2009 - 07/08/09 04:32 PM

Real Estate Market Report
Burbank, CA           June, 2009

Market Index -0.84, highest in TWO YEARS!
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The market index is 0.84 - the highest one month gain in the last two years, jumping 20 points from last month's 0.64.

New Listings -42 new listings, compared to 55 last month and 66 in 2008.

Pending Listings - 62 listings opened escrow, compared to 63 last month and 58 last year.

Pending Ratio … (0 comments)

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Keith Sorem

Glendale, CA

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Keller Williams Realty

Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203

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