Did You Miss It?

Some of you are still "sitting on the fence" waiting for home prices to continue falling. Others have already seen a slight INCREASE OF PRICES.

Here's some information "Hot Off the Press" that may surprise you. According to the California Association of Realtors:

Home prices have increased for the first time in eight months!

Data through April 2011 show a monthly increase in home prices for the 10- and 20-City Composites for the first time in eight months, according to the S&P/Case-Shiller Home Price Indices. The 10- and 20-City Composites rose 0.8 percent and 0.7 percent, respectively, in April compared with March. Both indices are lower than a year ago; the 10-City Composite declined 3.1 percent and the 20-City Composite is down 4 percent from April 2010 levels.

As of April 2011, average home prices nationwide are back to the same levels as in the summer of 2003. Measured from their peaks in June/July 2006 through April 2011, the peak-to-current declines for the 10-City Composite and 20-City Composite are -32.6 percent and -32.8 percent, respectively. From their April 2009 troughs, the 10-City Composite has risen 1.4 percent and the 20-City Composite is up a scant 0.7

It appears may foreigners already know about this great news. Canadians have been flocking to the desert in a steady stream for the past several years. They sure know a good thing when they see it. I hope you will too. The Palm Springs Desert Area is thriving. Hotel and Convention business is also on the rise. NOW is definitely the time when you want to INVEST IN YOUR FUTURE where you can always Enjoy Summer All Winter Long!

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my “red carpet service.” After the sale, I will send you a $50 Gift Certificatetowards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Brought to You By Your Favorite Realtor,

Nancy Hankin