The industry index measuring pending home contracts to purchase existing homes surged 5.2 percent in October from September. Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring pending home sales contracts to purchase existing homes surged 5.2 percent in October from September. The monthly gauge of pending […]
Palm Desert’s Living Desert urges residents to come out to the event, which will feature new light displays, international food and beverage offerings, camel and carousel rides, among other things. Palm Desert will kick off its 20th annual holiday WildLights festival Wednesday. Philanthropists Ron and Sherry Auen of the H.N. and Francis C. Berger Foundation […]
Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday increased to 46, up from 41 in […]
Since 1996 Palm Desert has used the El Paseo median as an outdoor art museum of sorts, showcasing sculptures by artists from all over with its El Paseo Invitational. “We always have artists from all over the country, but this year we have one from Israel and two from Canada, so it’s a very international […]
Mortgage rates hit another record low according to mortgage giant Freddie Mac, the average rate on the 30-year fell to 3.34%, 0.06 percentage point lower than last week. The 15 year fell 0.04 percentage point to 2.65% The new lows reflect increased demand for government bonds, according to Keith Gumbinger, of HSH.com, a mortgage information […]
Palm Desert Barnes & Noble at Westfield Mall is holding its annual Holiday Book Drive, giving customers an opportunity to donate books to Coachella Valley BookPALS and SafeHouse of the Desert through Jan. 1. “The Holiday Book Drive is one of our most popular community partnerships,” said Sarah DiFrancesco, director of community relations for Palm […]
More than 200 people, including Riverside County Supervisor John Benoit, military personnel and faculty, turned out for Palm Desert College of the Desert’s dedication ceremony for its new Bighorn Golf Club Charities Veterans Resource Center Thursday. For years, the school’s vets center has been a tiny office that barely fit five people, said Donni Prince, […]
As the real estate market starts to recover from its epic crash, home builders, especially those in hard-hit California, are betting that many buyers will want new houses that are different from the big suburban tract homes that proliferated during the boom. They’re building new houses intended to use no more electricity than they produce, […]
Favorable home prices and record-low interest rates combined with high demand and a severe shortage of available housing have created a highly competitive housing market in California, with nearly six in ten home sales receiving multiple offers, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Annual Housing Market Survey.” Multiple Offers and Aggressive Bidding […]
Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s. The median sales price increased in the third quarter from a year earlier in 120 of 149 metropolitan areas measured, the National Association of Realtors said in a report today. […]
