The Scott Lyle Fyle
More affordable, desert condo sales increase
After sinking for most of the year, condo sales rose in October as more buyers invested in smaller, more affordable pads convenient to downtown Palm Springs, according to a housing report. Existing condos sales rose 2.5 percent year-over-year t...
6 Features in Demand Among Luxury Buyers
Daily Real Estate News | Wednesday, December 10, 2014 Luxury sales have been soaring in recent months, outpacing the rest of the housing market. Deals on existing homes priced above $1 million climbed more than 16 percent in October compared to...
Loan Defaults Plunge to Pre-Recession Levels
Daily Real Estate News | Wednesday, December 10, 2014 More home owners are keeping up with their mortgage payments. The nationwide mortgage loan delinquency rate — the number of borrowers 60 or more days past due on their mortgage — is proj...
3% Down Payments May Be Game Changer
Daily Real Estate News | Tuesday, December 09, 2014 Mortgage giants Fannie Mae and Freddie Mac announced Monday that first-time home buyers can now qualify for loans with down payments as low as 3 percent. That will expand credit for qualified ...
First-Time Buyers’ Myths About Mortgages
Daily Real Estate News | Friday, December 05, 2014 While realtor.com® predicts 2015 will be the year of the first-time home buyer — a predicted increase in job growth next year should drive Millennials back into the housing market — many o...
Mortgage Rates at Lowest Point Since May 2013
Daily Real Estate News | Friday, December 05, 2014 The 30-year fixed-rate mortgage sunk to a 3.89 percent average this week, its lowest level since May 30, 2013. That translates to more mortgage savings for home buyers and refinancers. Freddie ...
70% Unaware of Down-Payment Assistance
Daily Real Estate News | Friday, December 05, 2014 Seventy percent of adults in the U.S. say they're unfamiliar with down-payment assistance programs for middle-income home buyers in their community, according to a NeighborWorks America survey ...
Sales of Million-Dollar-Plus Homes Growing, But Who’s Buying Is Shifting
Sales of homes for $1 million and more continued to solidly outpace the rest of the housing market in the third quarter: These sales increased by 9 percent while total market declined 1.2 percent from the same time last year. That’s no surpri...
10 Inside Tips From a Designer Who Specializes in Small Baths
Got a small bathroom to renovate? Go wild with texture and colors if it’s a rarely used guest bath, but stick to clean and simple in a master bath. That’s the word from designer Jamie Gibbs, who transforms incredibly small New York City bat...
Holiday Lights Hit Palm Springs!
Real Estate is not the only thing HOT in Palm Springs! It's now time to pull out all the stops for the holiday season!P.S. Resorts and the Rotary Club of Palm Springs have partnered to sponsor the lighting of Christmas trees on the downtown V...
What’s Haute in the Desert
With the onset of winter, Angelenos follow the red-hot sun east to oases near (Palm Springs). An “ab-fab” hotel in the middle of nowhere? A high-brow “happening” in PS?! Herein, our insiders’ guide to all that’s haute in the deser...
Credit Access Limits Recovery
At the Residential Economic Issues Forum at the 2014 REALTORS® Conference & Expo, NAR Chief Economist Lawrence Yun outlined the hurdles still hampering the recovery. November 2014 | By Robert Freedman The economy is recovering, household w...
Apartment Rent Surge Expected into 2015
Daily Real Estate News | Wednesday, November 26, 2014 Renters need to brace themselves: Apartment rent is expected to continue to outpace inflation next year. It’s a landlord’s market, which means strong demand continues to give landlords j...