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...]

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...]

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...]

In 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 a broader … [Read more...]

The 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 … [Read more...]

Have 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 posts, Zillow, the free property valuation … [Read more...]