oans. These loans have a slightly higher interest rate but a lower monthly payment while the borrower waits for the rates to decline. Once the FEDs stop increasing interest rates and the market calms down, the loans can be refinanced at a lower interest rate, allowing you to purchase now when there’s less buyer competition.
My September Newsletter is Published and if you’re on my mailing list, you should have received it Friday Morning. If you 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!
ve ever glanced at real estate listings and stumbled upon an advertisement for a “luxury home,” you might have thought, “This one must be truly exceptional!” But what truly defines a luxury home? Is it mainly the price, the location, the size, or perhaps a mysterious blend of all these factors?
What to consider before Purchasing a Home when you retire. Gaining insights into the critical aspects of buying a new home during your golden years can help you navigate potential challenges more effectively.
portunities in the Desert – Words from Dean Rathbun, United American Mortgage Corporation
Health care and social assistance. All other sectors were quite low.
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.
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.
ecent rains, California and Coachella Valley can still see a return of drought in our future. To get ahead of future drought situations, the Palm Springs City Council approved $1.15 million in matching funds for Desert Water Agency’s turf conversion program as part of the new city budget. The aim is to save 27 million gallons of water each year by removing grass and replacing it with desert-friendly plants.