Abacus Investment Research

Stocks /

Commodities Futures


Managed Futures Commodity Pools

Real Estates

Research and Analysis

Abacus Consulting


Real Estate Markets Apartments For Rent Real Estate Funds Real Estate For Sale Real Estate Agents

China Investment Report - Quality Chinese Stock Picks

China Business Report - Weekly China Business News Summary

Shanghai Bank

China Real Estate
Hong Kong Real Estate
Taiwan Real Estate
Japan Real Estate
South Korea Real Estate
India Real Estate
Indonesia Real Estate
Malaysia Real Estate
Philippines Real Estate
Singapore Real Estate
Thailand Real Estate
Pakistan Real Estate
Vietnam Real Estate
Mauritius Real Estate



United States Real Estate
- Alhambra Real Estate
Canada Real Estate
Mexico Real Estate
Brazil Real Estate
Chile Real Estate
Peru Real Estate
Argentina Real Estate


Britain Real Estate
Germany Real Estate
France Real Estate
Spain Real Estate
Austria Real Estate
Belgium Real Estate
Norway Real Estate
Russia Real Estate
Czech Republic Real Estate
Denmark Real Estate
Finland Real Estate
Hungary Real Estate
Ireland Real Estate
Italy Real Estate
Netherlands Rea Estate
Portugal Real Estate
Sweden Real Estate
Switzerland Real Estate
Turkey Real Estate
Greece Real Estate
Israel Real Estate
Iran Real Estate
South Africa Real Estate
Zimbabwe Real Estate


Alhambra Real Estate
Alhambra Homes For Sale - Investing in Real Estates of Alhambra, CA

Signs of Real Estate Stabilizing in Alhambra
By Lee Lieberg

June 16, 2008

During the first week of June, I had the pleasure of traveling to Sacramento to the annual Legislative Conference of CAR (California Association of REALTORS®) as one of the representatives of West San Gabriel Valley Association of REALTORS®. Against the backdrop of a difficult year for those in real estate was a sober conference in which many were seeking to right the ship.

Following are some of the highlights from the California Economic & Housing Market Outlook presented by Joel Singer, the Executive Vice President of CAR and some of my numbers on Alhambra mixed in.

Singer spoke of how “the basis of this downturn is not economically driven”. It was the Sub-prime crisis that started the downturn. Now we have “the tail wagging the dog” as it has had broad affects on the economy. In this cycle, people didn’t lose their homes because they lost their jobs, but now many have lost their jobs due to the severe drop in the housing industry.

There are many encouraging signs that buyers may finally be getting off of the sidelines. Statewide, sales are up after hitting a low in October of 2007. This is consistent with Alhambra, where May sales were the highest of the last nine months. Furthermore, Alhambra saw the median price of a home rise in May to $515,000.

The unsold inventory was down statewide from a peak back in the 2nd half of 2007. In Alhambra the single family listings hit a recent low of 69 after peaking in October at 113.

Condominiums are not as strong with a median of $388,000, that is flirting with its previous low of $377,000 but inventories are reasonable with a five month supply.

The First-time Buyer Housing Affordability Index showed that 45% of the households can now afford the median priced home. This is the highest this number has been in the last five years.

Mortgage Resets have finally peaked. These are the dates at which the mortgage rates change (rise) on the Adjustable Rate Mortgages. This has been the trigger of many of the foreclosures. Now that we are on the down side of the curve, it is hopeful that the bulk of the foreclosures are behind us.

No one expects us to bounce back, as most think we will slumber through a long recovery period. It would be good news enough if only we have stopped the bleeding. In the meantime, those low prices are not bad if you are buying.

  # Homes Sold   Median $ # Condos Sold Median $
May 08 16 515,000 11 388,000
May 07 20 618,000 11 435,000
Listed Homes   Condos  
06/16/08 69   55  

*Data was obtained from California MLS Alliance and deemed to be reliable. Lee Lieberg can be contacted at lee.lieberg@dilbeck.com.


Please contact us for advertisement information and other matters.