5. October 2007 by Ana Connell.

Local Housing Update:

Period 9-15-07 to 10-05-07

Average new listings/day Average closed sales/day # Pending Sales/day

Burbank             3.8                             .86                                                 2.7

Toluca Lake       .43                           .33                                                   .48

Studio City       2.86                           .48                                                1.81

Average listings per day were down from last period(8/31-9/14), Burbank was down by 24%, Toluca Lake by 41%, Studio City by 16%.

Average closed sales were down 63% in Burbank, down 70% in Studio City and no change in Toluca Lake.
Still lots of price reductions in each of the areas reflecting the challenges of finding qualified buyers and having proper pricing metrics in place!

Part of this downturn is a normal seasonal effect and part of it reflects the challenges in the mortgage marketplace.

For your Burbank real estate needs, please visit me at anaconnell.com!

The statistics provided in this report are obtained from reliable sources, but are not guaranteed.

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5. October 2007 by Ana Connell.

The big news was the release of NonFarm Payrolls today.  They rose by 110k, which was close to the consensus but it sent bond prices sharply lower.

Items of note:

• Pending Home Sales fell to a larger than expected 6.5% in August

• Bond Market closed the week with prices sharply lower:

2 year  yield     4.07%

5 year yield      4.33%

10 year yield    4.64%

• Stock market keep rallying on, there’s even talk of 15,000!

More to come on Sunday when I put out the Week Ahead post!!!

Posted in Economic Market Reports, Blogroll | Print | No Comments »

5. October 2007 by Ana Connell.

Bring a blanket and picnic, spend an afternoon with friends, family & neighbors.

Out of the Ashes is a special event in support of Griffith Park Recovery with a musical tribute to those who fought the fire.
Beethoven’s “Eroica” Symphony
& World Premiere of Arthur B. Rubinstein’s
“Life as a Tree” for violin, cello and orchestra

Old Zoo Picnic Area
Griffith Park*
4:00 PM: Pre Concert Festivities • 6:00 PM: Symphony Concert
www.symphonyintheglen.org

PRE CONCERT FESTIVITIES
• Learn about the recovery plan & how you can help
• Learn about fire safety & park wildlife
• Meet “Smokey Bear”
• Kids learn how nature comes back after a fire
• Kids art contest: “Griffith Park Grows Green Again”
ADMISSION AND PARKING ARE FREE
Picnic-style seating. No pets, please.
(213) 955-6976
(*Rain location: Forest Lawn Hall of Liberty 6300 Forest Lawn Dr. LA 90068)

Sponsored by:

Music Performance Fund
Symphony In The Glen
City of Los Angeles
Councilmember Tom LaBonge
Department of Recreation and Parks

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5. October 2007 by Ana Connell.

In an effort to promote water conservation and bring back Burbank’s native landscape, there will be a workshop where you can learn how to cultivate native and California friendly plants!

This event features Lili Singer, a recognized garden plant writer and plant expert!

Where:Buena Vista Library

When: Tuesday, October 23, 7-8:30pm

Monday, November 5th 7-8:30pm

Free drought tolerant seeds and refreshments at the event!

Posted in Events, Go Green!, City News | Print | No Comments »