Yesterday, 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 … [Read more...]
Update on Real Estate Sales in the Valley
A 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 our associates have been very busy supporting our buying clientele, … [Read more...]
For Real Estate Investors – A Measure of Value?
I 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 a home and dividing it … [Read more...]
For Qualified Investors Only
All 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 presently experiencing has brought about what might very … [Read more...]
Palm Springs Style Lures Vacationers – An Afterthought
As a followup to yesterday's article on Palm Springs Style, if you are thinking about buying a home in Palm Springs, it's good to know that the rental market here is strong. Renting your home seasonally is a one good way of offsetting your fixed costs. A possible downside is that rentals here are quite popular, and you might find it a challenge at … [Read more...]
“Palm Springs Style” Lures Vacationers
One of the pleasures of taking a vacation is having the time to read the New York Times in a leisurely fashion. Recently we were at the airport, leaving Palm Springs for a few days on the East Coast, and Dick purchased a copy. I immediately leafed through to pull out a Life Style section called Escapes, and there we were - Palm Springs - in the … [Read more...]
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