When I look at rental prices, I am astounded! With rent being so high, it’s extremely difficult to save for a down payment. One in four home buyers say they want to buy a home because their rent is too high. The number of home buyers citing high rents as a main motivation to buy is up from one in eight as of last August.
Last February, (2015) 48 Pasadena homes sold at an average price per square foot of $437. The average Pasadena home sold in 66 days and the average selling price was $953,489.