Buyers/Sellers
« Previous EntriesRecord Low Mortgage Rates Available for Palm Springs Home Buyers to US and Canadian Citizens
Thursday, October 6th, 2011Freddie Mac announced today that for the first time in history the mortgage rate on a 30 year fixed mortgage loan has fallen below 4%. The 30 year mortgage rate was 3.94% today. This benchmark 30 year rate is now available to US Citizens. See NYT Summary Box. Low rates on shorter term US mortgages are [...]
Palm Springs Status Report to Canadians Buying US Real Estate
Saturday, June 11th, 2011Today I’m writing an update to my Status Report on October 17, 2010, when I blogged that the Canadian dollar had climbed until it was above parity to the US dollar. I emphasized the reasons then why it made good sense for Canadians to go ahead and invest in Palm Springs real estate. I’m still [...]
The Lure of Palm Springs for Canadians
Saturday, June 4th, 2011The buzz around our ReMax office this past week was all about an article which appeared in the Vancouver Sun on May 28, 2011 (and in the Edmonton Journal on the 28th as well). The article, appearing in a special section entitled “South of the Border”, captured everyone’s attention because in part, it featured our own [...]
Buying a Home in Palm Springs for Canadians
Sunday, October 17th, 2010The Canadian Dollar made its comeback on Friday and closed at C$1.0111 per US Dollar. Don’t you hate when someone tells you I told you so? Well, I did!. In my blog of May 31, 2010, Canadian Dollar Founders But Watch for a Comeback, I suggested that the Loonie was going to reach parity again [...]
Canadians fly Allegiant Air to Palm Springs
Friday, October 8th, 2010If you are a Canadian living in Vancouver or elsewhere in B.C. and you love to come to Palm Springs, you may have already discovered that one airline, Allegiant Air, provides very inexpensive direct flights for you. If not, here’s what you need to know. Driving south on Canadian Hwy 99, pick up the US [...]
Canadian Dollar Climbs to Six Week High
Sunday, September 19th, 2010A convergence of market signals are all pointing to this year’s becoming one of the best years ever for Canadians to buy property in Palm Springs. First and foremost, local real estate prices are presently at their lowest levels in years. Prices for single-family homes as well as condominiums in many Palm Springs area communities [...]
US Home Rental Income for Canadian Owners in Palm Springs
Tuesday, September 14th, 2010Many of our Canadian clients ask us if they can rent their second homes in Palm Springs, as they’re wanting to use rental income to offset the fixed expenses of owning a winter vacation home here. The simple answer to that is, YES, they can! A large number of Canadians rent their Palm Springs homes [...]
A Currency Exchange Strategy to Maximize Canadian Buyers’ Purchasing Power
Tuesday, September 7th, 2010Around this time of year, many potential Canadian and other Foreign National buyers once again begin thinking about buying a winter retreat here in beautiful, sunny Palm Springs. With property prices in the Palm Springs area still hovering around prices we saw back in 2003, the year is shaping up to be another banner year [...]
How 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 [...]
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