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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

5% Increase in Interest Rates vs a 10% decline in Home Prices – Where are we Headed?

Fence Sitter,  noun
A person who remains neutral or undecided.

FEnce SitterCan’t decide if now is the right time to buy or trade up?

Here are some interesting statistics to consider as you weigh your options.

The 2015 sales in the valley showed an increase in prices, but the recent action by the Fed with an increase in interest rates may be the more important detail to watch.

If you’re thinking prices will decline; here’s a quick chart that demonstrates the difference between a 10% decline in prices vs an 1/2% increase in home mortgage interest rates, and the impact on a monthly mortgage payment.

Example

If we’re conservative and say prices simply stay the same; that $500,00 home now with a  mortgage  interest  rate 1/2 % higher, the monthly payment goes up $117.

Which do you think will happen first?  A 10% decline in prices or a  1/2 % increase in interest rates?

Based on the statistics; we think prices will continue on their upward trend-line and interest rates will increase at least 1 more time in 2016.

2015 Desert home prices increased across the valley and continue to press upward.  The low interest rate environment is likely to change again in coming months making now a good time to act.

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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