51 Don Quixote, Rancho Mirage, CA Bed/Bath: 3 br, 3.00 ba Property Type: Condo Square Footage: 2,187 square feet Property Subtype: Condo Attached Asking: $575,000 Cross Street: Don Quixote Dr & El Toro MLS: #21420948 Map: click here to view map See Picture Gallery Below Virtual Tour: Click here to view Virtual Tour Beautiful custom [...]
With large numbers of foreclosed properties crowding the inventories of many mortgage lenders, the Chicago Tribune reports that despite their concerns, many banks are putting money into their properties to help them sell. The paper says that by putting up some money for renovations, lenders can turn many of their properties from “uninhabitable” into livable [...]
341 Gran Via, Palm Desert, CA Bed/Bath: 3 br, 2.00 ba Property Type: Condo Square Footage: 1,670 square feet Property Subtype: Condo Attached Asking: $525,000 Cross Street: Gran Via & Monterey MLS: #21423709 Map: click here to view map See Picture Gallery Below Virtual Tour: click here to view Nothing for sale compares with [...]
Adjustable Rate Mortgages Return to Popularity despite the fact that some borrowers still associate them with a stigma from the global financial crisis, adjustable-rate loans have picked up a slowly increasing share of the market in recent months, several lenders told the New York Times. The paper says many lenders have turned adjustable-rate loans into [...]
351 Gran Via, Palm Desert, CA Bed/Bath: 2 br, 2.00 ba Property Type: Condo Square Footage: 1,800 square feet Property Subtype: Condo Attached Asking: $379,000 Cross Street: Gran Via & Monterey MLS: #21422784 Map: click here to view map See Picture Gallery Below Virtual Tour: click here to view Location, Location !!!This 300 plan,a [...]
Southern California home sales at lowest level for a January in three years The median price in the region, $270,000, represents the first year-over-year price drop since fall 2009, driven by a shift toward sales of cheaper properties and foreclosures. Southern California’s housing market extended its slump as sales hit the lowest level for a [...]
Beach cities had Orange County’s biggest sales gain in January. 342 homes sold in beach cities’ 17 ZIP codes in the most recent period, +18% from a year ago. Median selling price? $615,000 in these 17 ZIPs. Of course, the surge took some discounting. Median price change in the region was down 6.8% vs. a [...]
The percentage of households able to afford an Orange County starter home has tripled since the housing market peaked, the California Association of Realtors reported. By the Realtors’ math, 60% of Orange County households could afford to buy the typical “entry-level” house in Orange County in the fourth quarter of 2010. By comparison, just 21% [...]
Demand, the number of new pending sales over the prior month, increased by 26% in the past two weeks, adding an additional 564 homes, and now totals 2,718 pending sales. Thus far this year, demand is a mirror image of 2009, prior to any artificial government stimulus. Last year, there were 530 additional pending sales; [...]
15519 Casiano Court, Bel Air Bed/Bath: 4 br, 5.00 ba Property Type: Single Family Square Footage: 4,200 square feet Property Subtype: Single Family Detatched Asking: $2,450,000 Cross Street: Casiano Court & Casiano Road MLS: #10-492295 Map: click here to view map See Picture Gallery Below Virtual Tour: Virtual Tour (external link) A contemporary Balinese tropical [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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