Greetings Fans, Fall is in front of us, summer behind. With a little luck, we should see a small uptick in our market for sellers over the next 10 weeks. The overall belief is that once the Fed’s stop raising or lower interest rates, buyers will come back in droves to the market. The belief is that buyers will believe interest rates will fall lower so they should get in the market at the higher rate, and refinance when the rates drop. The problem is no one believes rates will drop much below five percent in the foreseeable future. Foreseeable being the next 24 months and longer. Higher interest rates…

Dear Real Estate Fan, Summer has arrived in full force this weekend. It looks like this year, our July will be hot and dry. Many of us remember last year as one of the most humid summers on record. Dry heat, wet heat, this weekend will just be HOT! But not the real estate market. In fact, the more I look at the numbers, the more I think we may have slid into a normal state in our market. Last month we closed escrow on 112 homes. This is down from 168 in 2022. If I look at 2015 through 2018, our sales look very similar. Today our price points…

Happy Spring Fans, What a crazy winter this year. We saw interest rates skyrocket with some of the quickest rate increases in 40 years. From my point of view, we had one of the coldest and wettest winters I can remember. It was just last Sunday we saw temperatures hit the high 70°s for the first time this year. We were still experiencing overnight temperatures in the 30°s this last week! With the weather bad news comes the beautifully stunning wildflower bloom we are now experiencing. The waves of purple and yellow flowers bring our local desert to life. What a great time to experience our High Desert communities. Because…

Happy Green Month Fans, Spring is almost here! With our wet winter should come an explosion of color with a prolific wildflower season. As our weeds are getting taller and taller so grows our inventory. At this point though, our buyers have not yet returned to our market as we would hope. Maybe with a little luck and good economic news, they will be returning this season. At this writing, it appears there may be a chance for mortgage rates to drop into the 6% range the next few weeks which would be good news for us. Our market has been stalled since last June. In the last four months…

Greetings Real Estate Fans, Well, the first month of the year is finished and we are still in the same place as last month. We have seen some changes that are contrary to the state and national trends. Our inventory is up almost 200% while nationwide it is closer to 10%. For the last four months, the majority of sales have been in Twentynine Palms, not Yucca Valley. Buyers are purchasing less expensive homes. Over 80% of homes sold in this Update are below $400,000. The weather has been cold and in some cases, wet! This is not prime home buying weather. Many of the “experts” are predicting an explosion…