Opportunities in the Desert
portunities in the Desert – Words from Dean Rathbun, United American Mortgage Corporation
Health care and social assistance. All other sectors were quite low.
Posts Tagged ‘Coachella Valley Real Estate Marekt’
Buyers – Do You Have Concerns?
Buyers – Do You Have Concerns? Welcome to the enchanting world of the Palm Springs area real estate, where the dream of owning a home meets the stunning allure of Coachella Valley. As a seasoned real estate agent in La Quinta, California, I understand potential buyers’ apprehensions when considering a property investment.
Challenges in California Housing Market
California’s housing market witnessed persistent challenges in June as home sales remained below the 300,000 benchmark for the ninth consecutive month. This trend was primarily influenced by the sustained elevation in interest rates during the preceding months. However, there was a glimmer of improvement, with the year-over-year decline in sales moderating, falling below 20% for the first time in twelve months.
June Newsletter
missed it or have not joined my mailing list, click the link below to read the latest market news, real estate market, and what is going on in the Desert. Enjoy!
La Quinta & Palm Springs Area Real Estate Market
about a possible government default have had negative effects on both interest rates and consumer sentiment and are directly impacting the housing market. While new home sales continued to improve as tight supply remained an issue in the existing housing market, demand could dip in the short term as rates remain elevated. With consumer spending staying solid and inflation not easing in the latest reading, the housing market could face additional headwinds as the Fed contemplate on having another rate hike in their June meeting.
Good Interest Rates and Homebuying Financing
Good Interest Rates and Homebuying Financing options for buyers who qualify and are interested in using a Jumbo Loan to purchase their home. Rates have jumped quite a bit this week as the 10-year Treasury has now cleared over 3.701% at tim...
May is “National Home Improvement Month.”
May is “National Home Improvement Month.” And what better way to celebrate than to find the Joy Levels in home remodeling projects?
The National REALTOR Association recently sent out a study of the costs of home remodeling projects vs Joy-specific home remodeling projects bring.
Let’s Stop the Madness!!
about a “penalty” that high FICO borrowers would have to pay on behalf of lower FICO borrowers. Initially, I was a little confused as to why all of the sudden interest in this topic from friends and family who typically have little interest in the mortgage industry aside from the occasional, “How’s business?” discussion.
What does it mean to be in a “Seller’s Market”?
What does it mean to be in a “Seller’s Market”? Let’s review what the difference is between a Buyers’ Market and Sellers’ Market: Buyers’ Market: There are more houses on the market than Buyers. (Favors the Buyers) Sellers’ Market: There are more Buyers than Houses in the Market. (Favors the Sellers)
Real Estate News in Brief
Real Estate News in Brief – Existing home sales jumped in February, the first increase in 13 months, as buyers took advantage of 30-yr rates that were briefly near 6% in January. An inflation-focused Fed raised rates for the 9th-straight time, but suggested a pause from here is possible.