1 Out Of 21 Distressed Properties Show Up On The MLS For Pasadena

Doctor Housing Bubble relates the MLS only lists 29 homes as foreclosures for Pasadena.  I did a quick search on the shadow inventory (NODs, scheduled for auction, and REOs) and pull up 636 homes for Pasadena.  In other words, the MLS is only showing us 1 out of every 21 homes in distress for Pasadena.  Just for reference, the median household income of Pasadena is $61,000.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: