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...]

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...]

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...]

The real estate business here in Palm Springs on our “Main Street” continues to move along, despite of all of the negativity in the news during the last few weeks about the stock market and financial system. Despite the seriousness of that message, our day to day business for qualified buyers is good, and well-valued properties are selling … [Read more...]

I have mentioned here on several occasions that contrarians often take advantage of down markets. Whether those markets are in real estate, stock, or commodities, savvy buyers usually look the hardest when everyone else looks the other way.   Well, it looks as if a little of that contrarian philosophy has been in play here in the Palm Springs area … [Read more...]

With the continued drop in the value of the dollar, the crazy increases in the price of oil, and the wild ride in the downward-trending stock market, a safe haven for investment dollars is becoming harder to find. More and more investors are turning to real estate as an alternative investment. In the last few months I’ve had an increasing number … [Read more...]