Market stabilization.

Monday, March 30, 2009

by Rob Zwemmer

Monday, march 30 2009

www.DesertRealEstatePrices.com

Good Monday morning

I was reading an interesting article in the desert sun last week and I wanted to share that with you.

Home sales jumped 70 percent in the Coachella Valley in February over the same period a year ago, a continuation of a trend that one analyst says might indicate a market stabilization.

The high volume of sales — while spurred by dismal economic conditions that caused prices to fall drastically — indicates the market is repairing itself, said Greg Berkemer, executive director of the california desert Association of Realtors.

“There are good values,'' he said. “buyers are taking advantage of them in increasing numbers.”

“We are now in the third consecutive month in the desert with year-over-year sales increases,'' Berkemer said. “While we still won't say the market is turned around, and is headed back, we see what could be the beginning of a legitimate trend.”

If the trend continues, Berkemer said the association might be able to say with assurance that the market has turned, and that price reductions have bottomed.

To have direct access or to get instant e-mail alerts when a new property hits the market visit http://www.FindMydesertHome.com.

If you would like to search our local data base of homes for sale http://www.desertRealEstatePrices.com.

If you are looking to sell your home and need a comparative market analysis http://www.desertCMA.com.

Palm Springs Area Mortgage Market update!

Wow! What an extremely exciting week recently passed! Rates are at an all-time low! Home buying and Refinances are happening!

New Loans are totally available. Banks want to lend and there’s no better time! Home values are accurate, income is verified, and with a small down payment you are in business There has been no better time for banks to lend for homes.