Please forgive me. I was actually using a worm as a metaphor to describe what’s been happening in our market to “grab your attention.” Did it work?
As we all know, the real estate market pretty much “peaked” in 2005…then started to spiral downward for the next 6-7 years. Most markets lost 30%-35% of their value. Some areas were hit even harder.
Well…that’s all beginning to change. Recently I received an email from Sun City Shadow Hills, a large Senior Development in Indio, just east of Palm Desert, telling me they would be RAISING PRICES, as other builders are starting to do. Why? Because their inventory of homes are selling at a very brisk pace.
I work a lot with buyers …..and this past year I have been noticing a sharp decline in inventory. My clients are asking “where are all the homes for sale? I want to see more.” Developments that once had over 10% of their homes on the market, now have less than 5% for sale.
If you haven’t figured it out yet, you’ll be missing out on a great opportunity and be left behind while others are enjoying some of the lowest interest rates this country has ever seen, and prices that are extremely attractive! This is definitely NOT a time to procrastinate. It’s a time to ACT!
This past week the headlines stated that Consumer Confidence was also up….the highest it’s been since 2007! As a Realtor, I receive reports each week on everything from our economy, to what’s happening in the real estate market….and guess what…..it’s all pointing UPWARD.
Perhaps it’s time to start INVESTING in YOUR TOMORROW…………………..Today!
Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.
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,