With summer vacation planning completed, it’s time to think about how you will spend your winter holiday. The Coachella Valley communities of Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage and beyond are excellent locations for a second home with late fall and winter temperatures averaging in the 70s. Also, mortgage rates are still at multi-decade lows and with home affordability at record highs, the opportunity to purchase your desert escape at such low prices has never been more possible or fleeting.
A recent study by the real estate reporting agency DataQuick, showed that homes sales in Riverside County increased by 28% over the same time last year and that home prices have remained mostly unchanged from last year1. Other good news in the report states that the home sales have reflected an eleventh straight month of sales increases over the
prior year. In addition to the DataQuick report, the UCLA Anderson Forecast reports that they predict the housing recovery is set to begin in late 2009 or early 20102. All of these indicators show that not only are investors coming off the sidelines to take advantage of the low prices in the market but that the average homebuyer is back in the market as well.
With high affordability, low mortgage rates and significant incentives for buyers, the time to take advantage of this unprecedented opportunity is now. Browse our fine desert and coastal properties and meet our dedicated real estate professionals in this new edition of View magazine.
1 “Home sales up in California for 11th consecutive month” The Desert Sun. June 19, 2009.
2 “Housing recovery set to begin, forecast says” OC Register online. June 16, 2009.
Summer Ushers in a Great Time to Find A New Home
Saturday, June 20th, 2009Today is the first day of summer. With that date comes vacations, excitement, fun and relaxation. While traveling and fun is a big part of summer, so is finding a new home. In spite of the gloom and doom stories the media continues to report, it is our opinion that the market has hit an all time low and that the opportunity to find special deals will not last forever.
The media looks for the story that will drive the most impact in readership. Good news very seldom meets that expectation. Therefore, it is important that our publication emphasizes the good news occurring in the market. Over the summer, please look to this column to find out what the good news is and how it will affect you.
Don’t wait too long to take advantage of one of the many wonderful opportunities available now. Its’ a good time in real estate. Just call any of our offices today and ask how inventory is reacting to consumer demand. Investors are back into buying and quality homes are moving at an alarming pace with multiple offers. This is truly an exciting time.
And as conditions continue to be favorable to buyers, while home prices and mortgage rates continue to provide good opportunities to qualified buyers, we will likely see continued strength in home sales throughout the year. Take advantage of the chance to move into that new dream home now while you can still be sure to get a great deal. Visit www.
ocviewonline.com or www.desertviewonline.com to browse our many fine properties and meet one of our dedicated real estate professionals.
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