Burbank Real Estate Blog

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Check out Burbank real estate information as well as Burbank and San Fernando Valley community information.
RECENT BLOG POSTS
Maybe.  Today the MBA Purchase Application data came out for this last week.  The number rose 1.5%, as compared to the previous week's decline of 3.2%, but so far the month, overall, is pointing to some gains. The Mortgage Bankers Association compiles how many loan applications are taken out at m...
05/25/2011
Following on the heels of last week's disappointing numbers today new home sales came in at a higher than expected 323,000, jumpiong 7.3% for the month! On the local front, average sale prices have risen slightly over the last 6 months as shown below: MonthSale Price, Average Dec 2010 $533,342 Ja...
05/24/2011
The Rancho Equestrian Neighborhood or "The Rancho" as it's commonly referred to, is bordered by Griffith Park to the south, Victory Blvd. to the east, Olive Avenue to the west and Alameda Ave. to the north.  What makes this community so popular is that it's zoned for horses and it boasts beautifu...
05/23/2011
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One of City of Burbank's jewels is the DeBell Golf Course. This venue offers a regulation eighteen hole course and a par 3 course. The layout of the Regulation Course is very tight and hilly, but enjoyable for beginners. Its ideal for the family to play. The women often play from two sets of tees...
05/22/2011
With short sales making up a significant amount of current listings in our area and nationally, it's important to understand the short sale process and talk about some of the myths surrounding these transactions, especially if you are considering a short sale on the sale of your home: 1. You must...
05/20/2011
Bob Hope Airport, to me, represents one of the cool things about living in Burbank.  There is a nostalgic feel to the airport, not just in some of the historical and architectural elements but the fact that it's one of the few airports where you board the plane from the tarmac.  Maybe it's the ki...
05/20/2011
Existing home sales came out today for April and they came in down .8%, while year over year, sales were down 12.9%.  Supply on market rose to 9.2 months from March's 8.3 months.  Very disappointing, to say the least, but not totally unexpected. The one bright side of the report was prices.  The ...
05/19/2011
So, before I attempt to answer that question,  what is shadow inventory? Shadow inventory refers to the housing supply that the banks have foreclosed on ( banked owned properties-REO’s) and are getting ready to foreclose on. According to First American Core Logic, as of September 2009 there was a...
05/18/2011
Yes, it's possible that the complex will not qualify for a loan. Lending standards have changed and especially if you are looking at an FHA loan, it's useful to know the new, more stringent underwriting standards and how they can affect your ability to obtain a loan. First, let's generally go ove...
05/17/2011
Home builders continue to feel the housing slow down as the housing market index stayed at a very weak 16.  The index has been at 16 for six out of the last seven months, reflecting the slow housing recovery and weak economic climate. The housing market index is based on the National Association ...
05/16/2011
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Ana Connell

Burbank Real Estate Agent
local_phone818.588.6563
smartphone818.795.8474
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Housing and economic information and statistics for Burbank, North Hollywood, Hollywood Hills, Studio City , Valley Village, Toluca Lake and surrounding areas of the San Fernando Valley.