Well, summer is now behind us and as usual the dog days of summer brought with it low “for sale” inventories and a slowdown in buying, as buyers stayed home. Palm Springs Real estate market trends through August 2013 showed that Palm Springs properties for sale continued to follow summer seasonal trends, with inventories continuing to drop from 465 … [Read more...]
Real Estate Market Trends May 2013 in Palm Springs
Real estate market trends May 2013 in Palm Springs properties for sale continued to follow summer seasonal trends, with inventories dropping from a high of 584 units in January to 465 at the end of May. The total month to month drop was about 6% and is expected to continue. If this trend follows those in prior years, I would expect active listings … [Read more...]
Palm Springs and Rancho Mirage on World Stage for US – China Summit
Palm Springs and Rancho Mirage on world stage for US - China Summit: Final preparations are underway at Sunnylands in Rancho Mirage for the two day conference with President Barack Obama and President Xi Jinping of the People's Republic of China. Both presidents are arriving here from other meetings; President Obama will arrive on Friday afternoon … [Read more...]
PALM SPRINGS REAL ESTATE MARKET TRENDS March 2013
We are exposed to a lot of general information on real estate market trends - on a macro scale nationally, state by state, and even regionally. For these reports and today I focus specifically on Palm Springs real estate market trends March 2013. If you are interested in another valley city, I would be happy to expand the report. Inventory trends … [Read more...]
Immigration Reform Bill to Benefit Canadians in Palm Springs
Last week an immigration reform bill to benefit Canadians was released in the US Senate when the “Gang of 8” introduced their new comprehensive reform bill. Part of the new bill is a proposal that would allow Canadian visitors over 55 to stay in the US for up to eight months a year. The bill also introduces a retiree visa that would allow … [Read more...]
Palm Springs Real Estate Price Trends – Through February 2013
Palm Springs Real Estate price trends have been a bit of a surprise so far this quarter. Since inventories have grown by over 50% in the last six months, you would think that prices would be under some downward pressure. However, that is not the case. Prices over the last six months have, in fact, increased over 11% since last August, although they … [Read more...]
