Desert Home Sales Numbers Up; Prices Down..This article from the Business section of the Desert Sun stresses again that although actual number of home sales continue to rise, the prices continue to drop...http://tinyurl.com/ydylsmk The thing is once again that when we read reports about "prices
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12/30/2009
Prime, 28.6 acre Farm For Sale in Coachella, Ca. Seller has reduced this gorgeous farm almost 50%/acre from last season..now $65,000/acre. Currently planted in alfalfa which is locally harvested 3x/year, this parcel can be easily sub-divided into 4 parcels, and the well is large enough to serve
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12/29/2009
Short Sales in the luxury home sector are rising..Foreclosures will be much more common in 2010 for this price point.. This is a great article from Bloomberg.com http://tinyurl.com/yjhjbb4 I keep thinking that this is heading my way here in the California desert..so many golf course homes, esta
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12/24/2009
HK Lane Opens La Quinta office! HK Lane Real Estate Co. has opened it's new 4,000 sf La Quinta office located in Old Town on the corner of Tampico and Desert View. With over 80 agents, HK Lane, as of November 2009 already ranks 5th in the marketplace...and only in business for 6 months!!! That
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12/22/2009
Foreclosure & Defaults; Banks set precedent. The thing is that trying to predict the numbers of homes that will be foreclosed on in 2010 is impossible..because of THIS! http://tinyurl.com/y9n962x When consumers are told it is immoral, but the banks and big businesses use abandonment as a busi
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12/19/2009
Bank of America for a Loan? Run Forest, run!! I just read yesterday, again, that B of A is absolutely the WORST Lender..it appears they simply do NOT want to get their assets off the books. I'm talking here about B of A owned REO properties. Often in the MLS, the List Agent says something lik
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12/16/2009
Polo in the Desert; Tourney this weekend! Most people living here in the desert are unaware that we are second only to Florida in numbers of fields, players and horses that come here every season to compete. Of course, the economy has dramatically reduced team numbers, but we are still here an
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12/12/2009
Indio has it's own beauty; Rural and roomy. Indio is located directly East of La Quinta and West of Coachella. It's got a ton of wonderful things to offer, although focusing on housing has made so many people only see the less desireable events unfolding in this city. Land was cheap and plenti
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12/10/2009
California Desert Update; It Does Rain in the Desert!! Us, "desert rats" as we locals are referred to, are not used to rain and all the inconveniences of it. Our streets are not able to handle the water when rain is dumped from the skies. The sand itself cannot absorb the water if it doesn't
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12/08/2009
BUYING SHORT SALES AND FORECLOSURES; BUYERS BEWARE! Great deals to be had right now in the Desert's Inland Empire. Approx 37% (could be higher) of closed sales are for Distressed properties. But...as with ANY good deal, Buyer Beware! By this, I mean, educate yourself, get representation by a
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12/05/2009
