Are 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 predicted to drop 11.3% next year and then rise the … [Read more...]
From Palm Springs to Vegas
We low desert dwellers occasionally find a reason to go up to Las Vegas. This time we were going to attend a wedding at Graceland Chapel. For our drive, we chose a different route; rather than jumping into Friday afternoon traffic toward LA, then going north past Victorville, we went by way of Yucca Valley, passing the entrance to Joshua Tree … [Read more...]
Time to Invest
We’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 market, we are darn close to it. That’s not to say … [Read more...]
Canyons, Palms, and Water
Last week some of our family from the East Coast came for their annual summer visit. They find our desert home with closeup mountain views and our pool, spa, palms, and other flora all rather exotic. Sunny days, along with our mister cooling system, invite them out to swim and read all day. They’re amazed that it’s sunny EVERY day, as in Steve … [Read more...]
From Trickle to Torrent
Lender 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, we were … [Read more...]
Real Estate Discoveries
When you buy a house, they can’t tell you everything. Some things you just discover over time. In our case, that extra something was the endless entertainment in watching our hummingbirds. They keep very busy feeding right up until dark. Our dominant bird often stations himself near his preferred food source, a bed of red Egyptian Star Clusters and … [Read more...]
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