Monday, April 13, 2009

 

By Rob Zwemmer / Keller Williams Realty

www.DesertRealEstatePrices.com

 

 

Good Monday Morning                                                                                        

84°F | 53°F

I hope everyone had a great Easter weekend.  After some positive economic news last week from the Feds and Wells Fargo, the amount of new home buyers and sellers have picked up. 

The number of Canadian home buyers has dropped slightly and more American home buyers are liquidating their assets and investing in the Real Estate market.  The new mortgage rates are definitely helping to reduce our standing inventory.  A 30 year fixed rate is now 4.75%. Our current local housing inventory is down from 11,000 to 6,000 from year ago

If this trend continues throughout the summer months I can predict with confidence that we have hit bottom this year.

 

Make sure to listen our new April Podcast : http://www.desertrealestateprices.com/Blog/The-Palm-Springs-Real-Estate-Podcast-April

 

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!

Mortgage Rates Today +/- Last Week
30 yr fixed mtg Graph the three month trend 4.99% 5.08%
15 yr fixed mtg Graph the three month trend 4.84% 4.71%
30 yr fixed jumbo mtg Graph the three month trend 6.39% 6.47%
5/1 ARM Graph the three month trend 4.80% 4.78%
 

 

1 Canadian dollar = 0.818331 U.S. dollars



E-mail me with any questions you might have

 

Have An Awesome Week!

Rob Zwemmer

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

http://www.desertrealestateprices.com/Morning-coffee