Just like the rising temperatures, gas prices are slowing us down (Temperatures heating up, Pasadena Star News). Preventing people who work in Los Angeles, and that live quite far away, from being able to afford their commute. It's an unfortunate reality, but one that raises an interesting thought. The argument for living further away was affordability, home prices are lower (per sqft.) in places that are (for example) further east of Pasadena. Now that oil prices may be offsetting the affordability of living further distances away from work, which may have an impact on home sales in places like Pasadena. Closer to work and with higher valued homes, it may effectively be just as affordable as living further and further away. Just another factor that may be helping Pasadena sustain itself in this shifting market (Gas prices latest worry for real estate market, Los Angeles Times).
On June 21, between the hours of 10am and 10pm, Pasadena will be one big Music Festival. Celebrating the beginning of summer, with music blanketing the streets in places such as the City Hall and Gamble House. Keep an ear out, and sing along (City celebrates "Make Music Pasadena" Saturday, Pasadena Star News)
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New Effort to Modify at-Risk Home Loans (CSMonitor.com)
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