Here’s what’s been going on in our greater Palm Springs area real estate market.In the greater Palm Springs area, we continue to be in a very strong seller’s market. To illustrate that, we
The Main Reason You Should Not Wait To Buy
Dated: July 20 2015
The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents.
However, there was also information buried within the report that revealed that now is definitely the time to buy your first home or move-up to the home of your family’s dreams. With home prices still below peak values and mortgage rates still near historic lows, the monthly mortgage payment on a median priced home is less than at almost any time in the last 25 years.
Below is the graph which helps visualize the data from the report:
With home prices increasing and mortgage rates projected to increase, now is the time to buy.
Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019 and 2020, Will is an Associate Broker/Team Leader of the WILL COOK GROUP with Keller William....
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In general, we have continued to be in a very strong seller’s market. In the video above, you can see a slide that shows the correlation between the days on market and the months of sales.
To find out what’s going on in a market, agents use these five indicators.How is the market? This is a question real estate professionals get asked on a daily basis. However, unlike the stock