The median sale price for a Southern California home remained the same in March for the third consecutive month, indicating that the housing market may be stabilizing for at least starter housing.

The full story is available through the following link:

http://articles.latimes.com/p/2009/apr/15/business/fi-homes16

The basic news is that median prices are stabilizing and sales volumes are up in some areas. Guess what, Pasadena is one of those areas. I have been seeing signs of a bottom and this is just one more confirmation. Especially at the lower end, buyers coming out again: I am currently working with 5 buyers in this category.

Interest rates are still low and there are some good properties available. The loans are out there, this is a strong opportunity to get some investment property or perhaps your first home at prices that are as low as you will see in the next 10 years. I will continue to keep you up to date, I would be happy to serve your needs or those of your friends, family and neighbors.