Coachella
Real Estate
Local native and former NFL player gives back to community with new apartments
Oscar Lua, a former linebacker who played with the Indio Rajahs, USC Trojans, and New England Patriots, is giving back to where his journey started in Indio by helping build a 64-unit apartment complex called the Skyline at Bliss and Oasis. Lua, who is now the president of Statewide Services, mentioned that giving back to The post Local native and former NFL player gives back to community with new apartments appeared first on KESQ.
This Past Week Mortgage Rates Dipped Below 7%, Coachella Valley Inventory Up
Homebuyers looking to buy in Greater Palm Springs got a small gift this past week as mortgage rates dipped below 7% for the first time in more than a month. The drop in mortgage rates, with the 30-year loan now averaging 6.94% this past week, might spur more activity among buyers. According to Jessica Lautz, deputy chief economist at the National Association of REALTORS®, rates below 7% enhance buyer affordability. In addition, recent home sales reports indicate a rise in new listings especially in the Coachella Valley where inventory has risen.
Should I Sell My Palm Springs Home Amidst the Summer Heat?
As summer descends upon Palm Springs, so too does the scorching desert heat. With temperatures soaring, many might assume that the real estate market would simmer down along with the mercury. However, in Greater Palm Springs, selling real estate in the summer months is absolutely possible although, it presents a unique set of challenges and opportunities for both sellers and buyers alike.
California home prices hit record highs, high demand for new homes in the Coachella Valley
In California, home prices have reached all-time highs. In April, the median home price in California was $904,210, according to the California Association of Realtors. Even with inflation, the demand for new homes in the Coachella Valley remains high. Contrary to what many people may think, the recently high interest rates have not deterred buyers The post California home prices hit record highs, high demand for new homes in the Coachella Valley appeared first on KESQ.
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