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Realty Trac Inc reported that Riverside/San Bernardino Counties were #3 in the U.S. for foreclosure filings.
Some good news
Mold is insidious and with ongoing exposure almost everyone is adversely affected healthwise.
On October 13th I attended the International Relief Teams annual Gala Fundraiser.
Foreclosures increased 1800% in La Quinta, 1200% in Indio and 1480% in Desert Hot Springs from the second quarter of 2006 to the second quarter of 2007.
Each day brings more negative news about real estate, especially in the Southern California Residential Market.
In the thirty years I have been in the real estate business, this is the first downturn where entry level housing was the primary product impacted.
This is the first time a down real estate market has numerous bloggers stating their opinions.
A collection of some interesting facts about the current real estate market.
Bill Gross, bond manager with PIMCO, feels the fed will lower interest rates substantially in the forthcoming year.
We keep hearing dismal reports that make great headlines about the current real estate market, but keep in mind that downturns are by location and not across the board.
Is it really all gloom and doom and we’re going broke in 2008????
Inventory is still increasing but the rate of increase to be slowing down.
Prices are not declining in most areas, as both buyers and sellers adjust their expectations to the new market. But a few market sectors are "having issues" and sales activity and new inventory increased substantially from December.
Some of the most outrageous episodes in property ownership that the owners lived to tell about.
San Diego's ratios of new product to pendings are continuing to decline, while the Palm Springs area remains constant. Lots of people have cash but are waiting on the sidelines.
Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
It can be very profitable purchasing bank owned properties in the current real estate market.
Palm Springs, Cathedral City, Desert Hot Springs, Palm Desert, Indio aka The Coachella Valley
I have discovered I like hearing from my agent, even if it just to say hello.
Some of the most outrageous episodes in property ownership that the owners lived to tell about.
Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com