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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Beginning with this post, we are now utilizing polling and surveys to solicit your thoughts about the substance of the content we bring you. Today we’re looking for a consensus about whether we are resonating with you as to the opportunity that exists in Palm Springs area real estate. California Desert Association of Realtors hosted its annual California Real Estate Market Forecast event at the Hyatt Grand Champions Resort in Indian Wells on October 22, 2009. The 2010 forecast was again presented by C.A.R. Vice President and Chief Economist, Leslie Appleton-Young, and Patrick Veling, Presdent Real Data Strategies. The Palm Springs California area is a very popular second home destination for Canadians. With the value of the Canadian dollar (Loonie) essentially on par with the US dollar, now is a perfect time for Canadians to purchase second homes here. 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. Buyers and Sellers needn’t accept what media is depicting as a scarcity of Jumbo Loans: “Homeowners with higher-price loans don’t qualify for mortgage modifications under the Obama plan. Low interest rates are unavailable if they try to refinance. And finding a buyer who can get financing takes far longer than for lower-price homes, because banks want as much as 30% down and six months of mortgage payments in reserve.” Read our newest blogpost for some possible solutions! Want the real estate tips and advantages that celebrities enjoy? There’s a reason that the Entertainment Industry prefers us for Palm Springs area real estate. Whether or not you’re a member of the music, televison or motion picture business, we are here to advise you on the best opportunities in this unusal economic climate. 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. |
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