Desert Luxury Realty - Coachella Valley, CA
From the California Association of REALTORS(r) news release:“A brighter economic picture, coupled with record-high housing affordability, pushed the spring home buying season off to a strong start,” said C.A.R. President LeFrancis Arnold. “With a continuing improving economy and interest rates declining to new record lows in recent weeks, we should see a steady improvement in the housing market throughout the end of the year.” reported the California Association of … [Read more...]
Buying a home in the Desert isn’t going to get any cheaper than it is right now. Many experts in the real estate business are saying this will be the last chance to find the best home prices in this weak housing market.Even though we are experiencing historically low housing prices, down nationally 34% since 2006, it won’t stay this way forever. It will start going up and sooner rather than later.Many things are starting to influence the increase in housing prices. Basically, the … [Read more...]
Have you been dreaming of owning a second home? Your vacation home? Well, if you have been thinking about over the last five years, this may be the time you have been waiting.The vacation home market is starting to make a comeback. Bidding wars are actually happening in several markets. Low inventories, historically low interest rates and low prices are making it very irresistible to stay out of this market. Multiple buyers are now competing against each other. You may be missing the window … [Read more...]
It IS getting better. Earlier market reports have been showing we’re on an upward trend and this is showing us the same upward movement. There are not as many foreclosures on the market and the tidal wave of distressed properties have not hit and in fact may trickle on the market. This will help keep consistent home prices and inventory – both needed for the market to heal.Here is a CAR.org video and chart showing how the Real Estate Market is doing in California.Other key facts … [Read more...]
Are you getting ready to leave the Desert? I hate to see you go, but I would hate to see these disasters waiting for you for when you got back.Your first or second home in the Desert needs special attention before you leave for the season and a bit of care now, will give you piece of mind until you get back.Place buckets of water throughout the house to provide moisture so your wood cabinets and furniture do no dry out. Close drains. If water isn't continuously run through your … [Read more...]
Recent reports indicate the number of foreclosed homes on the market in the Desert are declining helping push up home prices. The Desert Sun reported, “Bank-owned and short sales accounted for 44 percent of overall home sales in March, down from 53 percent in March 2011”… and “Distressed properties made up 24 percent of condo sales last month, down from 32 percent in March 2011.” Coachella Valley showed a 3.3% increase in homes sale, over Riverside County as a whole. Sales of … [Read more...]
For the first time in 16 months, California Association of Realtors have reported a state wide (S*T*A*T*E W*I*D*E) increase to the median price of homes.For almost a year and a half we've experienced a downward arrow and now we have state wide an increase of 1.5% over last year ( from $232,270 in 2011 to now $235,760. )The report from CAR said:Tight inventory and robust home sales, particularly in the San Francisco Bay Area, fueled the substantial increase in the March median … [Read more...]
