Rancho Mirage
Real Estate
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.
An Important William Krisel-Designed Home in Palm Springs Can Be Yours for $2.2 Million
One of the United States’ most coveted architecture hubs, Palm Springs, California, was the birthplace of desert modernism, and today it still has one of the highest concentrations of well-preserved midcentury-modern homes, literally block after block of them, entire neighborhoods even. One of the resort community’s most beloved homes, designed by renowned architect William Krisel in 1957, has recently become available for $2.2 million.An Award-Winning Contemporary Residence in Austin Lists for $11.8 Million While he refused to refer to himself as a “modern” architect, the homes Krisel designed were, in fact, a big reason why midcentury modern architecture became the signature style in Palm Springs. During...
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.
This Modern $7.7 Million Palm Springs Home Is Bursting With Classic Glitz and Glamor
You’d be forgiven for thinking this Palm Springs property was plucked straight from the 1950s or 1960s, when desert modernism architecture was at its peak. And in some ways, that was intentional.Craig Ellwood's Smith House Is Up for Grabs in L.A. at $3.5 Million The residence was built in 2012 by Sean Lockyer of California-based Studio AR&D and is listed for the first time since its creation at $7.69 million with Todd Monaghan and Keith Markovitz of TTK Represents of Compass. Situated on just under one acre in the historic Movie Colony neighborhood, one of the oldest neighborhoods in Palm Springs, the 7,000-square-foot home has four...
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