Market Minute for April 18th, 2022
Although the macroeconomic headwinds continue to rise, California’s economy and housing market have yet to slow their upward trajectory.
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Although the macroeconomic headwinds continue to rise, California’s economy and housing market have yet to slow their upward trajectory.
Did You Look Under Your Stove Vent Recently? Whether you have just moved into your home in the Palm Springs or La Quinta area, lived in your Desert home a while, or are thinking about cleaning your home to list, there are many ugly places you may not even think about cleaning.
With the increase of interest rates and loan fees, the second home market seems to be slowing. The good news is that housing analysts predict the demand for second/vacation homes will remain above pre-pandemic levels and are still 13% above what they were before 2020.
Shortage Level Two in Coachella Valley. The Desert Sun reported yesterday, April 11th, 2022, the CVWD is considering a ban on daytime spray irrigation and implementing other water conservation measures. Not only will this include daytime irrigation but will also require restaurants to serve water only when a patron requests it.
April is Fair Housing Month and as a member of the California Association of REATLORS, we are committed to protecting and expanding the opportunity for all communities to sustainably own, use and transfer real property.
Decorating with Brown Tones. If you have been looking at Palm Springs and La Quinta interior designs recently, there seems to be a common theme … hues of brown throughout the designs. The color brown making a comeback in 2022 and used a lot in furniture, flooring, and accents.
While the data measuring current and recent economic conditions continue to hold up well in the face of rising headwinds, more forward-looking measures show a rising level of concern about the future. Home sales, employment, unemployment claims, and market competitiveness remain robust, but rates have risen substantially, and mortgage applications have dipped below 2019 levels for the first time since the onset of the pandemic.
lding permit when constructing a new home, but did you know you need to get a building permit if you are going to do any renovation, even if you do the work yourself?
Keep up to date with the latest market trends and opportunities in La Quinta, Caliifornia