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      Palm Springs, CA 92262

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    Scott Lyle Fyle

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    October 25, 2021 Home prices and mortgage rates are both climbing. But that isn’t spooking potential home buyers, with the housing market remaining lively. Housing starts and existing-home sales remain higher compared to a year ag...

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    October 14, 2021 Demand is surging for rental units and that is pushing up prices. The amount homeowners could receive from renting their home increased by 0.4%, which may seem small but is the largest one-month increase since 2006,...

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    October 13, 2021 Home buyers are paying more in closing costs, but it’s mostly because they’re paying more to buy a home. Lenders are actually holding their closing costs down, a new report shows. National average closing cos...

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    October 12, 2021 Loan originations for jumbo residential mortgages are set to hit a level that has not been seen since the run-up to the 2008 financial crisis, Bank of America researchers posted in a weekly report. Skyrocketing home...

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    Mortgage Rates Unexpectedly Dip Below 3% October 8, 2021 Home buyers have another shot at snagging mortgage rates under 3% this week. The 30-year fixed-rate mortgage fell to 2.99%, defying expectations that below 3% rates were no...

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    Mortgage Rates Back Above 3%

    Mortgage Rates Back Above 3%. Will They Keep Rising? October 1, 2021 The 30-year fixed-rate mortgage averaged 3.01% this week, posting a sharp rise after spending nearly four months below 3%. Economists expect mortgage rates to c...

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    With inventory still low, more home buyers look to plan B: new builds. But that, too, has become tough with land and labor growing scarcer and supply chain struggles lingering. Help clients navigate alternatives. By Barbara Ballinge...

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    BUYERS CONSIDER DISASTER RISK IN PURCHASE DECISIONS September 28, 2021 About three in four recent home buyers say they factored in natural disasters when choosing a location for their new home, according to a new survey of about ...

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    It’s a Better Time to Buy Than 10 Years Ago

      February 20, 2020   A strong economy, low unemployment, low mortgage rates, and alluring mortgage rates are making it a great time to buy a home, according to a newly released report...

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    2020 Real Estate Market Perspectives

    Sources:  Sean Kent La Rue/Franklin Loan Center Q4 2019 Zillow Home Price Expectations Survey, 2019 NAR Real Estate Forecast Summit, Realtor.com 2020 Economic Forecast, Freddie Mac December Forecast: Optimism Heading into 2020, Fan...

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    What Exactly Do Closing Costs Cover?

    January 17, 2020   A home costs more than just the sale price. For example, closing costs—which make up about 2% to 5% of the home’s purchase price—are a major added expense. Michael Hyman, a rese...

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    Mortgage Rates Drop to Ring In the New Year

    January 3, 2020 © REALTOR® MAGAZINE   Home shoppers are being greeted with much lower mortgage rates to kick off 2020 than they were a year ago. The 30-year fixed-rate mortgag...

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    4 Most Popular Bathroom Trends of 2019

    December 30, 2019   Shaker-style cabinets, brass accents, and white-and-wood combos dominated bathroom trends in 2019, according to Houzz, a home remodeling website. The following are the most-saved bathr...

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    Real Estate Wins in Government Spending Bills

    December 17, 2019     Wes Shaw The House on Tuesday passed a federal spending package for fiscal year 2020 that includes several high-priority items for REALTORS®: reauthorization of the N...

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    Here’s a Treat: Fed Cuts Rate for Third Time This Year

    October 31, 2019   For the third time this year, the Federal Reserve cut interest rates by a quarter point in an attempt to bolster a slowing economy. The federal funds rate will hover between 1.5% and ...

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    House Hunters Swoop In as Buying Power Rises

    October 29, 2019   Lower mortgage rates have increased buying power by 6%, and more house hunters want to take advantage. That helped boost contract signings by 1.5% in September, the second consecutive...

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    Housing Market Forecast as Bright Spot in Worrisome Economy

      October 2, 2019   Americans are growing concerned by the growing threats of an economic slowdown, but that doesn’t seem to be affecting housing. Recent housing reports are showing ...

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    Smart-Home Technology for Aging in Place

    August 6, 2019   by Brandon Doyle   By the year 2035, there will be more people over the age of 65 than under 18 for the first time in history. We have extended our lifespans, but with t...

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    Palm Springs: The #1 Hottest Second-Home Market According To Wall Street Journal!

      The very hottest second-home destination is Palm Springs, Calif., once a retiree and golf community that now hosts hip events like Coachella, the music festival, plus activities focused on film, architecture and fashion. ...

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    What the Fed’s Rate Cut Means for Your Buyers

    July 31, 2019   The Federal Reserve on Wednesday cut interest rates for the first time since the Great Recession took hold in 2008, though the move is not likely to deliver significant juice to an already favor...

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    Faux Lawns Offer No-Fuss Grass Alternative

    July 23, 2019   More homeowners are leaning towards maintenance-free faux turfs for their yards, according to landscapers.   Architect Christopher Brandon of Brandon Architects in Costa M...

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    Owners Spend More to Spruce Up Newer Homes Than Older Homes

    July 17, 2019   Homeowners are spending more to improve their homes, not necessarily on home maintenance.   Homes may be aging in the U.S., but don’t assume the age of a home is promptin...

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    Gay Neighborhoods Becoming Too Pricey for Many LGBT Residents

    July 2, 2019   “Gayborhoods” are getting more expensive, and the lesbian, gay, bisexual, and transgender community increasingly says they’re getting priced out of the neighborhoods they helped ...

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    2 Billion Records Exposed in Smart-Home Device Breach

    July 3, 2019   Just how secure is that “smart” security camera or door lock? That is being called into question after reports of a massive data breach hitting the smart-home industry that could exte...

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    NAR: Gay Buyers Aren’t Settled on Single-Family Homes

    June 6, 2019   The lesbian, gay, and bisexual community is a growing segment of buyers and sellers who show distinct patterns and behaviors that real estate professionals should be keyed into, according to a n...

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    What Millennials Are Willing to Give Up to Own a Home

    May 31, 2019   Young adults are all about making sacrifices and lifestyle trade-offs to get them on the path to homeownership, according to a new survey of 1,000 millennials, ages 22 to 38, by Chase Home ...

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    Interest Rate for 30-Year Mortgage Back in 3% Territory

    May 31, 2019 © REALTOR® MAGAZINE     For the first time since January 2018, the 30-year fixed-rate mortgage has dropped below 4%.   “While economic data points ...

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    Read The New Palm Springs Life ONE-PS Salute To Our Amazing Neighborhoods! Electronically!

    This is my 41st year selling real estate in Palm Springs and across the entire Coachella Valley.  Where that time has gone...I truly have no idea.  My hair certainly has gone with the times!  Just check the home page of our website ...

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