Real Estate Information

Palm Springs Real Estate Market Podcast / Febuary 2009

THINK!

What is a thought? Scientifically speaking, it is nothing more than a random electrical impulse in the brain. If you are relaxing, not focusing on any particular thoughts, your brain continues to fire off those random impulses which, in turn, are triggering random, unfocused thoughts - like the itch on your arm, how hummingbirds fly, or your Aunt Ellen's new car.

What's interesting is that everything in sight of you right now is the result of someone's focused thoughts. The computer screen, the window nearby, and the chair in which you are sitting came into existence as the result of a single focused thought. Henry Ford thought about a V-8 engine for his cars, and then insisted that his engineers create it. Jonas Sauk thought about eliminating polio - and did.

Whether you choose to focus your thoughts or not, your day will be filled with them. They just don't stop. But wait - there's an "Aha!" or a "Voila!" in here for you. Just think of the possibilities when you realize the power of thought - and put it to work for you. The amazing thing about thoughts is that you have complete control over them. You either put these electrical impulses to work for you through focused attention - or they happen anyway, but in a random, impotent manner akin to a static electrical discharge.

Everything tangible in our world today was created by an action, preceded by someone's thought - from a straight pin to a Pentium processor, from a blight-free American chestnut tree to your garage-door opener. So - what thoughts will you be having today?

They don't have to be life-changing or global in scope to make your personal world better. They need only be focused. Just remember, you control your thoughts - and their possibilities are endless.

January home sales are up 16.5% in the Palm Springs Area

Monday, February 9 2009

By Rob Zwemmer

www.DesertRealEstatePrices.com

Good Monday morning                                                                                        

62°F | 41°F

Rain and thunderstorms covered part of the Coachella Valley last week and will continue this week.

The highly needed rain for the season is a big welcome for our parks and wildlife here in the desert. They are expecting on and off rain through out Saturday.

On a different note January home sales are up 16.5% in the Palm Springs Area compared to 2008.

Year to Date: median home prices fell 53.5% & sales rose by 70.1 % from a year ago.  The inventory continues to drop  with the increasing sales indicating that the market here in the desert continues to absorb the homes for sale that home sellers and banks must sell.  Lower home prices means increased affordability for First Time Home buyer ,Investors and Snowbirds.

To have direct access or to get instant e-mail alerts when a new property hits the market visit (click here).

If you would like to search our local data base of homes for sale  (click here).

If you are looking to sell your home and need a comparative market analisis      (click here).

Palm Springs Area Mortgage Market update! 

 

Mortgage Rates			Today	+/-	Last Week
	30 yr fixed mtg		5.38%		5.33%
	15 yr fixed mtg		5.13%		5.06%
	30 yr fixed jumbo mtg		6.95%		7.03%
	5/1 ARM		5.61%		5.68%

1 Canadian dollar = 0.814863 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

Technorati Profile

....

Great news for home buyers, the Senate voted Wednesday night to give a tax break of up to $15,000 to home buyers in hopes of revitalizing the housing industry. It would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only. You can read more about it on Yahoo or CNN.

If you are not already receiving homes via email from us and would like to please (click here).

If you would like to search our local data base of homes for sale  (click here).

If you are looking to sell your home and need a comparative market analisis      (click here).

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!

Mortgage Rates			Today	+/-	Last Week
	30 yr fixed mtg		5.40%		5.17%
	15 yr fixed mtg		5.10%		4.91%
	30 yr fixed jumbo mtg		7.01%		6.83%
	5/1 ARM		5.75%		5.65%

1 Canadian dollar = 0.807885 U.S. dollars (Today)

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

IF I WAS A CARPENTER!

A story, written by an unknown author goes like this:

An elderly carpenter was ready to retire. He told his employer-contractor of his plans to leave the house building business and live a more leisurely life with his wife and family. He would miss the paycheck, but he needed to retire. They could get by.

The contractor was sorry to see his good worker go and asked if he would build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials. It was an unfortunate way to end his career.

When the carpenter finished his work and the builder came to inspect the house, the contractor handed the front-door key to the carpenter. "This is YOUR house - my gift to you," he said.

Life is no different. Each of us is given lumber, a hammer, some nails, and a saw - but no instructions or blueprint for our lives. If we ignore a bent nail here, a split board there, and a wall out of plumb, we may find ourselves living in a ramshackle cabin where a beautiful home might have stood. Then we step back for a good look and recognize that we were the carpenter in charge.

Build your home with pride. Use the right tools. Get the education you need. Learn from a master. Take no shortcuts. Finish it with your finest touch. Remember - the plaque on the wall says, "Life is a do-it-yourself project."

Good Monday Morning!

by Rob Zwemmer

The desert weather was just perfect last week during the Bob Hope Open Classic here in La Quinta.  This week will not be any different.
The Month of January is of to a good start in here in the Desert,
despite the decline of the Desert in the rest of the country.
The DOM (Days on Market) has dropped from a 155 Days to 79 compared to January 2008. 
Real Estate Inventory is slightly down from last year also.
The Steady decline of DOM and Inventory are the results of great bargains, a steady
Canadian dollar, 50 year low interest rates and a new group of home buyers who could not
afford to buy a property a couple of years ago.
Because Banks and private investors stopped foreclosing on properties during the holiday’s season,we will see a new batch of foreclosures coming up here in the Desert in the next month or so.

Looking for one these great deals? Visit:  http://www.FindMyDesertHome.com

Now if you are considering selling your home in a changing market!
Get an approximate value of your home or property e-mailed to your inbox within 24 Hours.   
http://DesertCMA.com

Palm Springs Mortgage Market Update:

Mortgage Rates			Today	+/-	Last Week
	30 yr fixed mtg		5.20%		5.10%
	15 yr fixed mtg		4.88%		4.73%
	30 yr fixed jumbo mtg		6.81%		6.80%
	5/1 ARM		5.65%		5.73%

1 Canadian dollar = 0.818331 U.S. dollars

Remember, as a general rule, negative economic news is good for interest rates, while positive news causes rates to rise.

Have An Awesome Week!

Rob Zwemmer