Buyers/Sellers
« Previous EntriesRainfall Above Average in 2010
Tuesday, February 9th, 2010It was reported yesterday in the Desert Sun that rainfall in the Coachella Valley was already above average at 6.29 inches this season. That was yesterday. Today it is gently raining again. Our annual average is just above five inches, so we can be sure that this added rainfall will benefit our aquifers.
We are so [...]
Good News on the First Time Home Credit
Friday, November 6th, 2009This week in quick succession, the U.S. Senate and U.S. House of Representatives, on Wednesday and Thursday respectively, voted to extend the home credit in a new $24 billion economic stimulus bill, and today President Obama signed it into law. The bill extends tax incentives to prospective homebuyers; it also includes additional benefits to those [...]
Don’t Wait Too Long to Buy
Wednesday, October 28th, 2009If you are a pre-qualified buyer with a lender ready to go, my advice is – don’t wait too long to pull the trigger on your loan. You may be waiting for that perfect time to buy because you think that prices are still coming down, and maybe you are right. Prices may still come [...]
Tracking Price Trends
Friday, October 23rd, 2009Are homes going to get much cheaper? In a recent article at CNN Money.com entitled Homes about to get much cheaper, the author stated: If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower. The author goes on to say that the national median price is [...]
Time to Invest
Monday, September 14th, 2009We’re having a feeding frenzy! If you haven’t been following the real estate market lately, you might have just missed a market bottom go by, here in Palm Springs. If you are a potential investor, don’t wait! I get the impression that if we haven’t hit bottom for properties at the low end of this [...]
From Trickle to Torrent
Monday, July 13th, 2009Lender owned properties are dominating our market
A year ago, on July 9, 2008, I blogged about investors entering the Palm Springs real estate market. Spurred on by an increasing number of foreclosures, that market trend presented low prices and thus a good opportunity for investors. With our economy in turmoil and foreclosures on the rise, [...]
Use Tax Credit as Your Mortgage Down Payment
Monday, May 25th, 2009In a blog on February 5, 2009, I expressed some hope that we would soon see new congressional proposals that would offer incentives to everyone interested in buying property and thus provide a means by which sales would increase and excess inventory would be sold off.
As it turned out, the final congressional bill, although missing [...]
Avoiding Foreclosure
Tuesday, March 10th, 2009The Obama administration recently outlined a mortgage plan, for responsible homeowners, aimed at helping families in distress to avoid foreclosure. Here is an excerpt from a statement released by the U.S. Department of the Treasury on March 4, 2009, outlining the intent of the plan.
“Only two weeks after the President unveiled his plan to help [...]
How Banks Value Your Home or Why They Cut Your Home Equity Line
Friday, February 13th, 2009Have you had your Line of Credit reduced recently because your house value has gone down? Well, if your answer is yes, the following might be one of the reasons, so take note.
I came across an article in MSN Money yesterday which caught my eye because it referenced a study by one of my favorite whipping [...]
The News Headlines Shape Buyer Expectations
Thursday, February 12th, 2009A recent report on real estate sales and trends here for December came out in The Desert Sun on last Thursday.
More important than the actual numbers or trends reported in the article, the author explains that what is being reported is a distortion; the cause is that when all types of houses, in all neighborhoods [...]