Recovery on it's way in the Greater Palm Springs, CA area?

Dated: 07/22/2020

Views: 227

At a local level, across the entire Coachella Valley, recovery feels a bit farther away than the rest of the country. Typically as we see markets improve inland, that progress makes it's way here and into Arizona.  

Particularly in Palm SpringsCathedral CityThousand PalmsDesert Hot SpringsRancho MiragePalm DesertLa QuintaIndian WellsIndio and Coachella

Our team is committed to helping our Buyers find great homes at the best values as well as help our Sellers get top dollar for their homes. 

As the market recovers, most predict the Greater Palm Springs, CA area will be back and stronger than ever. 

Let's take a look at what that means if you're thinking of selling

A Remarkable Recovery for the Housing Market | MyKCM

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.

Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.

Ali Wolf, Chief Economist, Meyers Research

"The housing recovery has been nothing short of remarkable...The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”

Fannie Mae

“Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”

Javier Vivas, Director of Economic Research for realtor.com

"All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels."

James Knightley, Chief International Economist, ING

"At face value this is remarkable given the scale of joblessness in the economy and the ongoing uncertainty relating to the path of Covid-19…The outlook for housing transactions, construction activity and employment in the sector is looking much better than what looked possible just a couple of months ago."

Bottom Line 

The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.

Choose a team of local real estate experts ready to reveal the secrets of how we can help you sell your home. From setting the price to creating marketing campaigns for traditional media and Web, we’ve got a proven plan that will match your home with the right buyers for the right price. We are committed to fast, professional and courteous personal service to help you understand and feel at ease throughout the home selling process. Our trained and certified agents specialize in the Palm Springs Area real estate market and are prepared to sell your home to the right buyer for the best price.  

To reach us, please call (760) 507-2949 or email shane@dealdone.com

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Greater Palm Springs City/Area Overviews: 
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Shane Zuspan

Not Your Typical Realtor. Not Your Typical Realtor Bio. Hey Now! You loathe typical real estate agent bios. Don’t worry, I do too. They’re like cardboard — stiff, bland, and identical to ....

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