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

 




Home Prices – Will History Repeat Itself?

Home Prices – Will History Repeat Itself?

We see a lot of news about home prices, both good and bad.  Nobody can predict the future, but we might find clues about it in the past.  The Case-Shiller Home Price Index, captured the California home price collapse in 1990, as shown in the first chart – for high-tier Los Angeles homes.  Then the prices had increased by about a factor of two, just like our last bubble, as shown in the second chart.  The scale in the first chart has been expanded to show they were very similar bubbles, even to their relative size, shape, duration and the false recoveries in 1991 and 2007.  Maybe we can use the 1990’s experience to project our current recovery.  If so, the blue bars show that it took seven years from the peak to just get to the point where prices began a true recovery.  Our price recovery may not start until 2013, and this is […]

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

 




Sales Decline In Large Expensive Homes – A Symptom

Sales Decline In Large Expensive Homes – A Symptom

high-end sellers should price below this no-man’s land

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This post is in: Palm Spring Real Estate Market Trends, Palm Springs Modernism, Palm Springs Real Estate Market, Palm Springs Real Estate Market Statistics, Sales Strategies/Tactics & Tips for Palm Springs Real Estate, Trends