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Themes on the Economy - By Diane Swonk

This is one of several 2010 Economic Forecasts that we will bring you over the next few weeks in an effort to provide balanced perspective about what to expect in the housing market. Diane C. Swonk is Mesirow Financial’s Chief Economist & Senior Managing Director. Keep in mind that this is a broad national view of the overall economy. As you’ll soon see, our local forecasts expound upon this and provide even more reasons for optimism for the real estate market in the Palm Springs area.

PENDING HOME SALES UP FOR FOURTH STRAIGHT MONTH

FALLING PRICES, LOW RATES PROD CALIFORNIA HOMEBUYERS
Favorable home prices, record-low interest rates, and the belief that rates will rise in the near future were the primary motivators leading home buyers to purchase, according to the CALIFORNIA ASSOCIATION OF REALTORS