The 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 the last year or so. What is now … [Read more...]

Are 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 year to … [Read more...]

Okay, 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 by Dan Kadlec in TIME magazine, the February 15th issue, in which … [Read more...]

If you are among the many homeowners who have refinanced your home or sold your home in a short sale in 2007, this may be important news. Also, if you are considering refinancing your principal residence or need to sell it in a short sale in the near future, take heed to the following; it may save you money. Yesterday, December 20, 2007, President … [Read more...]

Presently, builders in the Coachella Valley are lowering prices on current inventories, and this is where you’ll find the best deals today. Having over-built, many builders are now stuck with large inventories of brand new, never-lived-in homes. They are slashing prices and offering additional great incentives in order to sell these new home … [Read more...]