Palm Springs Area Real Estate

Official Google Enterprise Blog: Google Apps Marketplace - CRM highlights, 7/27/2010

According to the California Association of Realtors , Median home prices in the Palm Springs Area up by 31.2% from its worst & lowest period in April 2009, when the median home price reached as low as $150,140. As of April 30, 2010 , the Desert Area MLS median home prices jumped to $197,040 from it's $150,140 low within a 12 month period. The Palm Springs Area comes in as number 4 among 13 California regions, and preceded by San Francisco Bay Area, Santa Clara and the Monterey Region, but these 3 regions took 14 months Vs. the 12 months for the Desert Cities to attain their positions. Los Angeles came in as number 11. More real estate good news came from Lenders Processing Services' Data Report as of April 30, 2010 which states that "Delinquent and Foreclosure inventories are starting to stabilize". You can download the full report here. There are still some good real estate buys to be had in the Palm Springs Area: Palm Springs Condos $ 50,000 - $10...

In a REALTOR® Magazine-Daily News Article titled : Wholesalers Flip Houses, Distorting the Market Associate director for housing and economics Andrew Jakabovics, at the Center for American Progress, a Washington, D.C., think tank argues that "It makes the bottom [of the market] very frothy and hard to figure out where real value is." Others argue that it makes it harder for lower-income families to take advantage of a down market. My take is "Cash is King" when it comes to lenders in a real estate transaction. My question is how could it be controlled ? What are your thoughts on the subject .. I would love to hear some arguments .

All the marketing experts nowadays are advocating the importance of getting ones business listed local on search engines because it saves web surfers  tremendous time and frustration . When it comes to real estate searches for homes for sale, local websites that provide MLS listings   are as important and powerful. My local site features  the Desert MLS for all Desert Cities, and is divided by city, by subdivisions, homes , condos, luxury homes and price range. Two days ago, I submitted an offer on a property for an out of state client . The seller countered with an offer for an amount higher than the listing price. My client  rejected it ,  and I went to check for him on other available properties , and I suggested that he should log on to my website and take a look  under the country club subdivision he is interested in and check the listings. Half an hour later, he called me and gave me a property address he saw on my website and ...

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...

Great news for California home buyers and home builders. A $200 million Home Buyer Tax Credit Bill was signed by Governor Schwarzenegger this afternoon. The Bill  allocates $100 million  to First Time Home Buyers , and $100 million for repeat buyers of new or existing homes.  The programs will run between May 1, 2010 and December 31, 2010  with a final closing date of August 1, 2011 provided a binding and enforceable contract was entered into prior to December 31, 2010. The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years.  Buyers must live in the home for at least two years or forfeit the credit and repay it to the State.  This Tax Credit will overlap with the Federal $8000 & $6500 Tax Credits, which expire on April 30, 2010. Start your Desert Cities MLS search  here. Brought to you by  Abraham Baghbodorian