Is the Crisis Over? Investors Return to the Coachella Valley to Hunt for Deals!

Below are links to two excellent articles from The Public Record regarding the economy and the current Real Estate market in the Coachella Valley. There are real deals NOW in the Coachella Valley -- NO KIDDING!

There are several 3,000 - 4,000 sq. ft. homes in major developments, like new, with top of the line interior design and furnishings, pool, spa, etc. available NOW at a REAL STEAL (under $400,000)!

I am a Certified Professional Negotiation Specialist and will work for you if you have a real interest and are ready to buy now. Send me an email with your new home wish list and I'll start your home search today!

IS THE CRISIS OVER OR IS IT JUST ANOTHER MIRAGE? By Michael Braun

A depression has been avoided and the recession has come to an end as of summer 2009. Although everyone is encouraged by recent growth data, we need to be conscious that the turnaround is fragile and dependent on the various initiatives undertaken by the government and the Fed. A premature withdrawal of the stimulus could therefore damage this turnaround. The Fed is likely to give growth a chance and hold policy rates (currently at 0.25%) lower for longer than some people might expect. Click here for complete article.

LAND ACQUISITION HEATS UP IN THE COACHELLA VALLEY AS INVESTORS RETURN TO HUNT FOR DEALS! By Alex Altman

For the last several years, homebuilders and investors have had very little appetite for the Coachella Valley's land market. The recession has hammered consumer optimism and reduced purchasing power; financing challenges have grown as lending practices tightened; and the desert's inventory has been flooded by foreclosure properties being sold at deep discounts, often well below replacement cost. In such an environment, how does a homebuilder earn a profit? The answer is not in building new product, at least not yet. Rather, investors and builders alike are returning to the desert to purchase distressed projects at hugely reduced prices -- in many cases for a percentage of the value of improvements -- laying the foundation for the next wave of profitable new home construction in the years ahead. The result: a major uptick in the valley's land market, and a bidding frenzy in general as investors and developers compete to acquire the most desirable projects. Click here for complete article.