Palm Springs Area Real Estate

Google is providing $86 million for Low Income Housing, to fund 480 units in the Midwest & West Coast ,  and some of that is coming to Palm Springs .  That means construction jobs and a boost to the local economy  and will provide affordable housing for low income home buyers in Palm Springs. Since most people refer to the Coachella Valley as Palm Springs , we won't know until more details are available, if these units will be within the city limits of Palm Springs, or in other desert cities in the Coachella Valley.  Any and all real estate developments are welcome in the Palm Springs area as they provide well needed jobs . The money will be given to low income builders and developers in the form of tax credits , the program will be managed by  U.S. Bancorp Community Development Corporation .  For more details  read Francesca Levy's article . Find homes the easy way   Palm Springs  , Palm Desert  , La Quinta  , Rancho Mi...

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 ?...

If you are underwater with your mortgage, FHA announced a New Program designed to encourage principal write-downs for responsible borrowers. The program starts September 7, 2010. If Lenders cooperate with this program, that could help a huge number of people contemplating a Short Sale.  Before you start defaulting, read this and always get advice from your Accountant for any possible Tax implications. HUDNo.10-173/U.S. Department of Housing and Urban Development (HUD) Brought to you by Abraham Baghbodorian, Realtor, Palm Springs & Desert Cities

Many Californians who are struggling with their mortgage payments and do not want to default or end up in foreclosure , should take a serious look at these 4 Keep Your Home programs. The, California Housing Finance Agency  CalHFA , got approval for $700 Million in Federal Funding from the US Treasury Department to help California struggling homeowners keep their homes. There are 4 different Programs intended to help struggling, financially distressed homeowners to  avoid defaulting  and foreclosures.  All programs start November 1, 2010  and it is time that homeowners start  familiarizing themselves with these programs . The 4 programs are summarized here, and linked to the programs : Program 1- Unemployment Mortgage Assistance (UMA) .  This program provides a mortgage payment subsidy equal to the lesser of $1,500 per month or 50% of the PITIA (principal, interest, tax, insurance and homeowner’s association dues) net ...

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...