palm springs real estate blog: Existing home sales rise on price drop - 06/27/08 10:49 AM
Existing home sales rise on price drop
Realtors' group says the number of existing homes sold in May gained 2% to an annual rate of nearly 5 million.
By Ben Rooney, CNNMoney.com staff writer
Last Updated: June 26, 2008: 11:29 AM EDT
NEW YORK (CNNMoney.com) -- Sales of existing homes … (1 comments)
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palm springs real estate blog: April Housing Sales in Coachella Valley up 25% from March and the strongest since 2005!!! - 05/30/08 10:33 AM
April housing sales strongest since September 2005
April's housing sales marked the strongest year-over-year showing the Coachella Valley has seen since September 2005.
The 912 homes sold in April reflect a 3.8 percent drop from the year before - a marked improvement compared to typical year-over-year declines that have hovered … (3 comments)
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palm springs real estate blog: Mid-Summer home price rise expected - Bottom already here - - 05/08/08 01:12 PM
Soft Existing-Home Sales Expected Near-Term But to Rise Midsummer WASHINGTON, May 07, 2008
A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the … (0 comments)
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palm springs real estate blog: More Positive News - Canadian News Expressing Positive Growth in the U.S. - 05/05/08 11:24 AM
U.S. ISM non-manufacturing index rises, points to positive economic growth
In today’s only major economic release in Canada and the United States, the U.S. ISM non-manufacturing index increased to 52 in April from 49.6 in March contrary to market expectations calling for a slight drop in the index.
The business activity … (0 comments)
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palm springs real estate blog: Wall Street hopes the worst is over... - 05/04/08 09:52 PM
Consumers may not be that cheerful, but traders and portfolio managers are growing more confident that U.S. financial markets are heading toward a second-half recovery.
NEW YORK (AP) -- Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial … (1 comments)
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palm springs real estate blog: Fed Lowers Key interest rates again....maybe for the last time - 04/30/08 02:15 PM
Fed lowers rates, hints cuts may be at end By Mark Felsenthal 14 minutes ago
WASHINGTON (Reuters) - The Federal Reserve lowered a key U.S. interest rate by a modest quarter percentage point on Wednesday and hinted the move could be the last in a series dating to mid-September. … (1 comments)
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palm springs real estate blog: Why the worst may be over - CNN MONEY - 04/25/08 10:20 AM
The credit crunch may be behind us and earnings have been better than expected. That could lead to happier times if the Fed starts focusing on inflation. By Paul R. La Monica, CNNMoney.com editor at largeLast Updated: April 25, 2008: 10:46 AM EDT
NEW YORK (CNNMoney.com) -- What a wild week.
Oil hit another … (4 comments)
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palm springs real estate blog: Mortgage application volume up 2.5% - 04/19/08 11:34 PM
Some good news from CNN Money, Lets keep the good news coming!
Mortgage Bankers Association's weekly survey says the number of people filing home loan applications edged higher last week; refinance volume up 5.2%.
WASHINGTON (AP) -- Mortgage application volume increased 2.5% during the week ending April 11, according to the Mortgage Bankers Association's … (1 comments)
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palm springs real estate blog: Mortgage application volume up 2.5% - 04/19/08 11:33 PM
Some good news from CNN Money, Lets keep the good news coming!
Mortgage Bankers Association's weekly survey says the number of people filing home loan applications edged higher last week; refinance volume up 5.2%.
WASHINGTON (AP) -- Mortgage application volume increased 2.5% during the week ending April 11, according to the Mortgage Bankers Association's … (0 comments)
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palm springs real estate blog: LA Times article on a lost Lautner home that was brought back to life - 04/10/08 10:16 AM
This is a great article about the restoration of a lost Lautner gem that had been renovated beyong recognition. Hopefully architecture will start being protected like art work.
By Paul Young, Special to The Times April 10, 2008
ASK the most ardent John Lautner fan about the architect's Harpel house, and you may … (6 comments)
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palm springs real estate blog: Dwell on Design coming to LA in June - 04/08/08 07:50 PM
The 3rd Annual Dwell on Design Conference+Exhibition+Home ToursLos Angeles, June 5-8, 2008
Conference, June 5-6
What happens when Dwell editors drive the agenda? A roster of more than 50 incredibly talented and diverse speakers ranging from legislators to practitioners to activists, discussing everything from urban gardening to a mandated LEED program for LA. The … (1 comments)
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palm springs real estate blog: 21st Annual Palm Springs Home Expo - 03/28/08 09:40 AM
The 21st annual Palm Springs home expo is coming to Palm Springs next weekend! April 4th-6th at the Palm Springs Convention Center.
Admission and parking are FREE all three days.
Find everything for your home, health and well-being all in one location! You can't afford to miss it!
For more info: http://local.mydesert.com/splash/homeexpo/
… (1 comments)
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palm springs real estate blog: Federal government help for Bear Stearns and other Wall Street firms increases the chance that assistance for those facing foreclosure will be approved. - 03/27/08 10:14 AM
This is a very interesting article about the way the mortgage market and economy are shaping up and what the government is doing to help.
By Chris Isidore, CNNMoney.com senior writer Last Updated: March 27, 2008: 6:57 AM EDT
NEW YORK (CNNMoney.com) -- The federal government is keeping Bear Stearns out of bankruptcy. … (3 comments)
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palm springs real estate blog: Unexpected RISE in US home sales by 2.9% - 03/24/08 01:43 PM
March 24th 2008 -U.S. existing home sales rise unexpectedly Existing home sales unexpectedly rose by 2.9% in February, sending the annualized level to 5.03 million units. Expectations had been for the level of sales activity to moderate slightly by 0.6% to 4.86 million units from 4.89 million units in January. The … (3 comments)
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palm springs real estate blog: Mid-Century Post War Pasadena home tour - 03/20/08 10:19 AM
This is a great tour that is sponsored by Atomic Ranch magazine. There is a lecture and a personally guided tour of some great homes of the post war era.
Pasadena Heritage presentsPostwar Pasadena
Lecture: Wednesday, March 26, 2008 - 7 PMOn Wednesday, March 26, Professor Kenneth A. Breisch will present a lecture on the … (0 comments)
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palm springs real estate blog: Feds cut interest rates AGAIN, stocks soar - 03/18/08 05:27 PM
This article was printed today by the Associated Press.
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of action in a quarter-century in a battle to halt a spreading credit crisis. Wall Street … (0 comments)
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palm springs real estate blog: Lenders blowing the deal - 03/18/08 05:20 PM
I have had about 4 different experiences where the lender involved in my transaction has almost lost the deal for me. I have had 2 times where the lender actually lost the deal for me. In all 6 instances it was lender neglect, something that they could have avoided but didn't or … (2 comments)
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palm springs real estate blog: Happy St. Patricks Day - Good luck today - 03/17/08 12:45 PM
Happy St. Patricks Day! I hope all have a lucky day of selling real estate in this trying time.
Sometimes it's not easy for people to keep their heads up but today is a great time to start looking ahead to a great future in real estate. There is a lot … (2 comments)
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palm springs real estate blog: Great CASH GENERATOR for sale in Central Palm Springs - 03/14/08 07:46 PM
… (0 comments)
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palm springs real estate blog: UCLA experts don't buy recession - 03/11/08 11:03 AM
This article was published this morning in the LATimes business section. MORE GOOD NEWS FROM THE PRESS!
In a contrarian view, the Anderson Forecast focuses on strength in industry and spending. By Peter Y. Hong, Los Angeles Times Staff Writer March 11, 2008 Brushing aside conventional wisdom, UCLA economists say California and … (1 comments)
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palm springs real estate blog: Canadian Investors Pulling the Trigger! - 03/10/08 10:41 AM
I have spoken with many other Realtors in Palm Springs and we all have Canadian clients. The general consensus was that they are just low balling like never before and are only looking to "steal" property. Well.....I have clients from Vancouver that I started showing property to about 4 months ago. … (0 comments)
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