The Desert Sun today had the "Housing Crisis" on the front page with a huge article about tumbling prices. There are 8417 homes on the market in the Coachella Valley so buyers have plenty of options and considerably more barbaining power than in years past, analysts said.
That put a downward pressure on prices in many communities.
One upside of the stagnant or declining home values is that the valley continues to rank as relatively affordable compared with many other cities in CA and natonwide.
The current fluctuations in real estate and mortgage markets have temporarily made Palm Desert more affordable than last year--great for retirees, first time home buyers and 2nd home buyers. if you know of someone thinking about retiring here have them call me. There are bargains out there.
About Me
- Elaine Leib
- I have been a Realtor for over 40 years, full time, selling residential real estate in 3 different states--CA, AZ, WA. I earned my Broker's license in 1978 and through more education I earned the designation of CRS(Certified Residential Specialist)( only earned by 3% of agents nationwide), Two years ago, again through more education, I earned the SRES designation (Senior Real Estate Specialist) I live and work in Sun City Palm Desert,specializing in 55+ Active Adult communities. I am proud to be a member of the Windermere Real Estate family. DRE License # 00404720 Lic #00404720
1 comment:
Hi Elaine,
As usual, info is timely and informative.
Don't know if you saw the typo. Deser vs. Desert
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