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Is It Time To Buy ? Palm Springs Area Median Home Prices Up $40,000 in 1 Year.

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A question being asked on a daily basis,  and answered speculatively depending on which part of the country you live in.  Some foresee more doom and gloom, others see  opportunity and stability edging up. I can only talk about Palm Springs real estate , the Desert Cities , my personal experience  as a real estate agent in this part of the country, and hard data supplied by our Desert Area MLS. The chart below, shows the Median Prices by California regions , and current Month vs. Year ago . The numbers are encouraging and they represent hard numbers based on the Desert MLS real estate activities for that period.  As for July , that's where my personal opinion based on my activities as realtor comes in. I personally  had a busy July and busier August so far . And with our desert season approaching ,  the Canadian and Northwest Snowbirds will start flocking and that should boost  more home sales and the prices. So is it time to buy ?...
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California Distressed Homeowners Debt Tax Forgiveness - WHO Qualifies ?

If you are a Californian who went through a ShortSale , Foreclosure or Loan Modification , the State of California yesterday passed the long Mortgage Forgiveness Debt Relief legislation . Who and What Qualifies For The California Mortgage Forgiveness Tax Relief ?  Debt can be forgiven by the State of California up to $500,000 for taxpayers who file as married/registered domestic partners (RDP) filing jointly, single, head of household, or widow/widower, and to $400,000 for taxpayers who file as married/RDP filing separately. Your total indebtedness limit is $800,000 for taxpayers who file as married/registered domestic     partners (RDP) filing jointly, single, head of household, or widow/widower, and to $400,000 for taxpayers who file as married/RDP filing separately. The debt must be secured by a Qualified Principal Residence. The debt can include 1st & second mortgages. The indebtedness incurred in acquiring the property, in constructing the property or by su...
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Palm Springs and Desert Cities Home Prices Up by almost 27 % ....

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According to the California Desert Association of Realtors, Palm Springs area median sold home price for February 2011 was $215,000 up from $185,000 in January 2011 and $156,060 in April 2009, that's almost 27% . Another interesting statistic is that the Median Sold Price in January 2011 was $185,000 for houses and condos, a very rare occurrence. From my experience as a real estate agent in the Palm Springs area, I would attribute a good part of the increase in sales and demand to our Canadian neighbors who love the desert , and saw the value in our real estate prices. The fact that the Canadian Dollar is hovering at par or better with the US Dollar was and still is a major contributor in the decision to buy a vacation home in the Coachella Valley. I believe that March and April 2011 will produce good numbers too based on my personal experience and lined up appointments. The easiest way to finding homes in Palm Springs , La Quinta , Palm Desert , and all Desert Citie...
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