Government Shutdown Impact On California Real Estate

Government Shutdown Impact On California Real Estate

The recent government shutdown had very little impact on Coachella Valley real estate activity. Some closings were briefly delayed due to tax return income verifications by the IRS but other than that the Rancho Mirage, Palm Desert, Indian Wells market is robust and steadily increasing. Inventory levels have increased 10-15% depending on the area over the last several months and sales are up due to strong buyer confidence and the seasonal swell int he Coachella Valley. Interest rates are still at record lows in the 4-5% range. Interesting to compare with interest rates in the late 1990’s at 8-9% The greater Palm Springs area is a remarkable place to own a Winter home, a weekend getaway or live full time. Beautiful weather 360 days a year, sunshine and more than 100 pristine golf courses to enjoy, there is no better place to live than in the beautiful Southern California communities of Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Palm Springs. If you would like detailed information about the area or a specific neighborhood- cll us TEAM KIBBEY located in Palm Desert, and part of WINDERMERE REAL ESTATE we would love to talk with you and show you our spectacular area. 760 340 9253 Dave Kibbey BRE 01341384, specializing in the Luxury real estate markets of Palm Desert, Rancho Mirage, Indian Wells and Palm Springs California.