Market Conditions
« Previous Entries Next Entries »Foreclosures Temporarily Halted by Fannie Mae
Friday, November 21st, 2008Yesterday, Fannie Mae announced that it was temporarily suspending foreclosures and evictions which have been scheduled to take place from November 26, 2008 until January 9, 2009. This temporary halt is designed to allow time for positive actions to reduce the growing number of foreclosures presently taking place in the U.S. It will allow affected [...]
Update on Real Estate Sales in the Valley
Wednesday, November 19th, 2008A recent article in our local newspaper reminded me that I hadn’t updated this blog recently on the state of the housing market here in the valley. Well, guess what? Sales are up and prices are down. No real surprise! BUT in fact, sales are WAY up and prices are WAY down. We and [...]
For Real Estate Investors – A Measure of Value?
Sunday, October 26th, 2008I read an article recently in the New York Times entitled “Home Prices Seem far From Bottom”; one part of the article struck me as particularly interesting. It described a way of determining the relative value of a home by calculating the property’s “price-to-rent ratio”. This ratio is determined by taking the asking price of [...]
For Qualified Investors Only
Monday, October 13th, 2008All right, you have heard this here before. I don’t want to sound like a broken record, but THIS IS A GREAT TIME TO BUY REAL ESTATE. So if you are tired of hearing this message and think it’s just a self-serving diatribe, just stop reading now. The banking and financial crisis that we are [...]
Bailout or Rescue – This is a Good Time to Buy
Monday, October 6th, 2008The real estate business here in Palm Springs on our “Main Street” continues to move along, despite of all of the negativity in the news during the last few weeks about the stock market and financial system. Despite the seriousness of that message, our day to day business for qualified buyers is good, and well-valued [...]
Coachella Valley Sales UP! – Prices DOWN! – are we “at a Bottom”?
Friday, September 12th, 2008I have mentioned here on several occasions that contrarians often take advantage of down markets. Whether those markets are in real estate, stock, or commodities, savvy buyers usually look the hardest when everyone else looks the other way. Well, it looks as if a little of that contrarian philosophy has been in play here [...]
Real Estate becoming attractive to Investors
Wednesday, July 9th, 2008With the continued drop in the value of the dollar, the crazy increases in the price of oil, and the wild ride in the downward-trending stock market, a safe haven for investment dollars is becoming harder to find. More and more investors are turning to real estate as an alternative investment. In the last few [...]
REO Properties – Banks lose, you win!
Saturday, June 14th, 2008The real estate market may be in a slump, but there is one bright spot – savvy real estate buyers should be watching REO (real estate owned) properties. REO is the short hand nomenclature for foreclosed and bank owned properties. We all know that foreclosures of all kinds of properties have been on the rise over [...]
Market Conditions – Mixed Signals in the Headlines
Saturday, May 31st, 2008Are things really as good as represented in Thursday’s local Desert Sun headlines -“April housing sales strongest since September 2005”? The article begins with positive news on emerging new strength in local sales. Our sales in April reflect a 25.1% increase over March and only a 3.8% drop from the year before, contrasted against previous [...]
Ignore the Headlines………But not this one!
Thursday, March 13th, 2008Okay, so you’re probably as tired of all of the bad news in our daily headlines as I am. But remember the old adage about how it’s better to view a glass as half full rather than as half empty. It’s more important now than ever to look for opportunity. I recently read an article [...]
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