You deserve it! Normally, this is not a good reason to buy anything. But if you have been smart with your money (saving up to purchase a home, working to earn an excellent credit score, etc.) then you deserve to reap the benefits of your planning and good sense. And with prices still low, plenty of properties to choose from, tax credits on the way out, and desert vistas beckoning, you should consider that now really is the perfect time to procure the Palm Springs or other Coachella Valley home of your dreams.
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To complement our social media and blog posts, we are excited to launch our new “Love of the Desert TV” Channel. Here you’ll see the entire gamut of professions and lifestyles in the Coachella Valley through the eyes of the local residents. Of course, we will be highlighting real estate by exploring and comparing the different cities, communities and amenities from golf and tennis developments to private gated enclaves. You’ll also enjoy visiting the desert’s array of social, recreation, cultural and charitable activities. FALLING PRICES, LOW RATES PROD CALIFORNIA HOMEBUYERS We’ve seen several articles over the last week or so that point to positive developments in the Palm Springs area housing market. Locally, although median price fell 46.1% (sales rose by 38.2% from a year ago), the median price is up slightly for the month of May ‘09 over April ‘09, confirming the upward trend. The inventory declined from the prior month for the fourth straight, as year over year sales remain brisk. The inventory of homes continues to drop, falling to a 4.2-month supply in May, compared to 8.7 month supply in May 2008. If you’re not in the market for yourself, it’s certainly a great time to help children or grandchildren to get into a new home. As a straight investment, if not a gift, it makes sense to recognize the appreciation that will likely outstrip the paltry interest rates currently available. Palm Springs California real estate is showing signs of rebounding. The wise buyer knows that the bottom of the market is only confirmed in the rear view mirror after it’s a thing of the past. Rather than speculate as to whether we’ve hit bottom, savvy buyers make offers and negotiate. |
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