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Home Price Hikes in 87% of Markets; New Record Set

Daily Real Estate News | Wednesday, August 16, 2017   Median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year as the inventory crunch continues to push property values higher, according to the National Association of REALTORS®.   The national median price for an existing Read More

More Buyers Putting Down Less on a Home

Daily Real Estate News | Tuesday, August 15, 2017   A 20 percent down payment is no longer the norm. In the past year, 1.5 million borrowers purchased their homes with down payments of less than 10 percent, according to Black Knight Financial Services. That marks a seven-year high.   A growing number of home Read More

Millennials Find Moving Back Home Pays Off

Daily Real Estate News | Tuesday, August 08, 2017     Following the 2008 financial crash, many millennials moved back home to live with their parents. But they’re finally starting to branch out on their own, and it’s starting to show: Millennials ages 36 and younger represent the nation’s largest share of home buyers at Read More

Hot Home Trend to Watch: The Two-Toned Kitchen

By Melissa Dittmann Tracey, REALTOR® Magazine     Two-toned colored kitchens are gaining popularity this year. White and gray painted cabinets are dominating kitchen color schemes, according to the 2017 Kitchen & Bath Design Trends survey conducted by the National Kitchen and Bath Association. Particularly graytoned kitchen cabinets are seeing a surge in popularity lately. Read More

The Home Designs Gaining, Losing Popularity

Daily Real Estate News | Monday, August 07, 2017   Builders are slowly switching focus from the $500,000-plus luxury market to more moderate price points, particularly when it comes to single-family move-up homes. And the shift is influencing the types of materials and upgrades becoming popular in new homes, according to Home Innovation’s 2017 Builder Read More

Ugly Home Features Buyers Can’t Overlook

Daily Real Estate News | Thursday, August 03, 2017   Home shoppers can get hung up on cosmetic issues of a home, even though often times the problems are relatively inexpensive to fix.   “Cosmetic issues are a big problem for a lot of home buyers,” Linda Sanderfoot, a real estate professional with Coldwell Banker Read More

Homeownership Rate Rebounds from 50-Year Low

Daily Real Estate News | Friday, July 28, 2017   The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing. The ownership rate posted an increase in the second quarter, reversing a sharp downward trend that begun in the Great Recession.   The homeownership rate Read More

Profile Of Home Staging 2017

New Things Coming To Palm Springs Hotels!

Click The Link Below….More than vinyl is back in style!                 http://desert.sn/2pLajN9

New Home Development Approved In South Palm Springs!

The Palm Springs City Council has given the thumbs up to an 80-unit housing development on the city’s south end that was twice denied by the Planning Commission, whose members said the layout and density of the project didn’t jive with the feeling of Palm Springs.   The council voted unanimously July 5 to approve Read More

4 Expenses Buyers Often Don’t Expect

Daily Real Estate News | Thursday, July 06, 2017     Buyers need to reserve the equivalent of about 2 percent to 5 percent of a home’s purchase price for closing costs, such as appraisal, lender, and title fees. But that’s only a portion of extra home ownership expenses.   Nearly half of home shoppers Read More

Condos Near Golf Cart Paths Command Lower Values

Daily Real Estate News | Thursday, June 29, 2017   Condos located near cart paths in golf course communities sell for lower prices than similar properties in the same communities, according to a new study published in The Appraisal Journal. Such condos are discounted an average 5.1 percent, according to the study. Certain cart paths Read More

New-Home Prices Hit Record High

Daily Real Estate News | Monday, June 26, 2017   The median price for a new single-family home reached a record high in May of $345,800, the Commerce Department reports. Buyers will be paying a huge premium for new construction, as new-home prices are now 16.8 percent higher than they were a year ago.   Read More

DESERT HOME MARKET IS BOOMING

Source:  The Desert Sun/6.26.17 Prices and sales climbed in May, with median houses above $300K ROSALIE MURPHY THE DESERT SUN Coachella Valley home sales and prices climbed again in May, with sales ticking up 1.5 percent year over year and prices jumping 8.5 percent.   There were 1,048 home sales recorded in May, according to Read More

12M Consumers May Get Credit-Score Boost

Daily Real Estate News | Thursday, June 22, 2017   The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers.   In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit Read More

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