Buyers/Sellers
« Previous EntriesHow Long Canadian Citizens Can Stay in Palm Springs
Wednesday, July 21st, 2010Our Canadian neighbors to the north, our snowbirds, make-up such a large part of the buying population in Palm Springs, we often hear the question – How long can I stay in Palm Springs, and can I stay through the frigid Canadian winter months? The conventional wisdom is that Canadians can stay about six months; [...]
Congress Finally Passes the Homebuyer Credit Extension
Thursday, July 1st, 2010As a follow up to my blog of June 16, 2010,* here is some really good news for a lot of prospective homebuyers in Palm Springs and other communities across the nation. Talk about your nail-biter scenario! Just picture the approximately 180,000 buyers with a contract in process, patiently watching as our legislators in Washington [...]
Good News for Palm Springs Homebuyers – Federal Homebuyer Credit may be extended
Wednesday, June 16th, 2010Here is a follow up to my blog on November 6, 2009 entitled Good News on First Time Home Credit about the then recently enacted extension of the first time homebuyers credit. As that article explained, the homebuyer credit originally established in early 2009 was extended until June 30, 2010. The extension was a good [...]
Canadian Dollar Founders But Watch for a Comeback
Monday, May 31st, 2010This is a follow-up to my April 30th Blog entitled, Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs. At that time, I discussed the fact that the Canadian dollar was reaching parity with the U.S. dollar, and how, it was a very good moment to [...]
RE/MAX is Canada’s Most Trusted Name in Real Estate
Tuesday, May 11th, 2010RE/MAX is Canada’s most trusted brand in real estate, according to a new survey in the May 2010 edition of Reader’s Digest Canada. More than 1,500 consumers indicated their favorites in 28 brand categories, with the real estate category appearing for the first time this year. The survey revealed that RE/MAX Associates are five times [...]
Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs
Friday, April 30th, 2010We have been speculating over this last year that the Canadian Dollar or Loonie would, at some point in the not too distant future, be at parity with the US Dollar. The stability of the conservative Canadian banking system, mostly untouched by toxic securities, was like a beacon in the night, and particularly this year, [...]
For Those Who Have Experienced a Short Sale
Tuesday, April 27th, 2010Fannie Mae recently released some new guidelines that have changed the waiting period for individuals who have had to sell their homes through a short sale, a pre-foreclosure or a Deed-In-Lieu of Foreclosure sale. Their old guideline specified that you would have to wait four (4) years before applying for a Fannie-Mae backed loan. The [...]
California Expands $10K Buyer Tax Credit
Wednesday, April 14th, 2010On March 25, 2010 a new law, AB 183, was signed by Gov. Arnold Schwarzenegger as a 2010 Tax Credit for new home / first time buyers; the law allocates $200 million to be used for tax credit incentives to homebuyers for homes purchased between May 1, 2010 and August 1, 2011. That’s twice the [...]
Rainfall 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 [...]
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 [...]
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