Huge Decline in Multi-Family Property Values: Palm Springs, Cathedral City, Desert Hot Springs, Palm Desert, Indio aka The Coachella Valley
Since February 1, 2008 38 new listings in the Coachella Valley, from Indio to Palm Springs and including Desert Hot Springs.
No Sales.
Properties are listing for about 60% of their value in 2005.
Who has any equity left with this amount of decrease in value?
Cap rates need to get back to 6 or 7% for any activity to be generated.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
