Real Estate Update for the Desert

Monday, February 02, 2009

by The Zwemmer Group

Monday, February 2, 2009

By Rob Zwemmer
www.DesertRealEstatePrices.com

Good Monday morning
78°F | 50°F

A Weekend full of Sun, Excitement and Burgers. It does not get any better than this.
Yesterday’s Super Bowl game was probably the best I’ve ever seen.
The Steelers and the Cardinals created an absolute thriller,with the Steelers
becoming again World Champion.
The Real Estate Market here in the Desert is also creating a lot of hype.
The Season here in the valley has definitely kicked off and the snowbirds and home buyers
are back in town in more force than ever.
Despite the negative economic news Home Sales here in the Palm Springs Area was up
again in January of 2009 versus 2008 by 7%.
There are great deals to be made with some homes selling as low as 40-50 cents on
the dollar… These properties (Foreclosures and short sale Sale Properties) are selling fast,
Why? Because they are the Best deals we have seen in the last 10 Years.

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 are considering the sale of your home you can receive an e-mail analysis that will
give you a good indication of your homes current market value at http://www.DesertCMA.com.

Palm Springs Area Mortgage Market update!

The Federal Reserve acknowledged on Wednesday that the economy has continued to deteriorate,
that it will keep using unconventional tools to cushion the fallout, including keeping a key
interest rate at a record low for quite "some time."
Specifically, the Fed said it is "prepared" to buy longer-term Treasury securities if the
circumstances warrant such action. At its December meeting, the Fed said it was merely evaluating
that option. Such an action could bring down mortgage rates even further and provide help to the
housing market here in the california desert.

Did you know! That the current Mortgage rates are on a 50 Year Low?

Do you know what your credit score is?

Send us a note and we will e-mail or fax your full credit report absolutely FREE,
with NO obligations and 100% confidential …rob@DesertRealEstatePrices.com

I guarantee it!