Real Estate: Buy Low, Sell High

Real Estate:  Buy Low, Sell High

In the Palm Springs area, the only homes that are selling are at 30-50% discounts.  Many would-be home buyers seem to be holding back in fear (or hope) that prices will fall some more.  If you believe in Buy Low you should be wary of trying to buy at the bottom – that is very hard to do.  It’s better to get most of the benefit of the low, than to miss it altogether.  Median prices were actually lower last year than now. It does look as if prices may fall again, but I may be wrong .  In the opinion of some, we saw prices rise last year due to various government stimulus programs, and they could rise again if private investment increases.  We have seen unemployment increase and that will increase the number of foreclosures.  The impact of new foreclosures should be minimal because we have seen the banks […]

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This post is in: Mid-Century Modern Homes For Sale in Palm Springs, Palm Spring Real Estate Market Trends, Palm Springs Real Estate Market, Sales Strategies/Tactics & Tips for Palm Springs Real Estate, Trends