News Articles Blog

By Sebastian Gibson

The figures relating to declining home sales in the Coachella Valley as
summer begins and temperatures rise do not look good. But as with
all things, even poor figures in a strong housing market make for
headlines, but have little affect on reality.
Here are the latest figures. First, the Statewide figures are
these. Home sales decreased 27.8 percent in April 2007 compared
to a year ago. However, the median price of a home rose 6.2
percent. What’s it mean? Confusion to the economists.
Bad news to Realtors. And for the general public, your home may
still be going up in price, even if you can’t sell it. Overall,
that’s not so bad. In areas suffering a decline in prices, or
where there is a glut on the market, the prices may have declined 5
percent. Still, that’s not bad. Weren’t bubble bursts
supposed to be more dramatic?
Then you have the strong market based on population increase
projections which are all extremely rosy for Southern California, the
Inland Empire and the Coachella Valley real estate in particular.
That rosy prediction, however, did not help the latest figures for the
Coachella Valley MLS.

As with the rest of the State, sales of all types of homes (including
new, resale and condo) declined 28 percent in April. For new
homes alone the drop in the Coachella Valley was 57 percent. And
while the median price of a home rose Statewide, in the Coachella
Valley, the median price for all types of homes combined suffered a
decline of 2.6 percent from a year ago with new home prices suffering
the worst (a 6.7 percent decline from a year ago) and resale homes
doing best and actually increasing in price 2.4 percent for the median
price of a home.
So what’s happening? Builders are building fewer homes.
That’s good. They have also taken dramatic steps to sell off
their inventory. That’s good too, and even with their incentives
and price declines, the median price of homes in Southern California
has not declined substantially. That’s good also.
The inventory of homes for sale on the market in the Coachella Valley
rose to 9,153 homes in April, and slid back just slightly to 9,108 in
mid-May. As summer temperatures heat us and sales dry up further
this summer, the inventory may to 10,000 which will make for some bad
headlines. But again, all may be explained away by the seasonal
drop in sales that normally occur during the hottest months (except
when the market was roaring in 2004 when inventory was 1500). And
in reality, all it may confirm is that people are stuck where they are,
except for first-time home buyers.
The trend is not good and will not likely be improving this
summer. The new home sales decline in the Coachella Valley of 57
percent in April compared with a year ago follows three straight months
of declines of 53 percent in March, 43 percent in February and 23
percent in January. And the story is the same in the Inland
Empire and in Southern California in general where home sales fell to a
12 year low in April.
Some economists have pointed to the recent fall-off in sales of more
affordable homes as an indication of the ills caused by the people who
brought you no-interest loans and other creative financing that is now
biting people in their posteriors. Others claim it is a
reflection of those who got in last in the market upswing or who have
the least to work with are now being hurt most as the pendulum swings
back. But no matter what price community you look at on the MLS,
there is a glut of homes for sale and sales are hard to come by.
To paraphrase a Stephen Stills song, you simply need to love the place
your in, because moving may be out for the foreseeable future.
And if you are a first-time home buyer, just like when you pick stocks,
you need to be selective. Have your realtor look for the select
homes where the price decline has been dramatic while the rest of the
neighborhood has held steady or increased in value. If you think
you can time the market just right, lease short-term. But if you
have no luck picking stocks remember you want to be a contrarian
sometimes. When people are rushing to sell, that’s the time to be
buying. We may not be there yet, and if we do get there, you may
not even recognize it. And when you are ready to buy or at least
ready to be prepared to buy, we can help.

Sebastian Gibson is both a realtor and a real estate lawyer in California of Sebastian Gibson Properties in Rancho Mirage, California dealing in California Real Estate Property, Palm Springs Desert Homes Land For Sale, Desert Area MLS and is the Senior Attorney with the San Diego Personal Injury Lawyer Firm from San Diego, Los Angeles, Orange County, the Palm Springs Desert Area, SoCal

http://users.search-o-rama.com/Article234829.htm

http://www.directarticles.com/article.detail.php?artid=8393&subcatid=107&subcatname=Real%20Estate&maincatname=Finance&maincatid=6&arttitle=THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.goodinfohome.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/53143

http://www.itsgreattobe.com/article/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/12437

http://www.gcyarticles.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/24854

http://www.articlefair.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/30151

http://www.freearticlecontent.ca/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/15064

http://www.marketingarticlebank.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/86954

http://www.acmearticles.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/39023

http://www.articletower.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/66631

http://www.articlesbeyondbetter.com/articledetail.php?artid=44530&catid=21&title=THE+COACHELLA+VALLEY+HOUSING+MARKET

http://www.articlefrenzy.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/97470

http://www.article-hangout.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/106547

http://www.articlelocker.com/showa.php?id=26769

http://www.bigarticle.com/article.detail.php?artid=17614&subcatid=24&subcatname=Real-Estate&maincatname=Finance&maincatid=3&arttitle=THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://ezinearticles.com/?The-Coachella-Valley-Housing-Market&id=652082

http://www.writeyourarticles.com/article.detail.php/4921/24/AnyThing-Real-Estate/Finance/3/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.afreearticle.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/49806

http://www.goarticlego.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/1468

http://archivex-ht.com/articles/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/103854

http://www.myarticlepub.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/33556

http://www.1starticles.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/18708

http://www.articlesrightnow.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/93244

http://www.articlebeat.com/index.php?page=article&article_id=1652

http://www.articlecopy.com/index.php?page=article&article_id=22466

http://www.article.nhkdiscounts.co.uk/index.php?page=article&article_id=1537

http://www.articlecounty.com/index.php?page=article&article_id=134489

http://www.article-daily.com/articledetail.php?artid=886&catid=9&title=THE+COACHELLA+VALLEY+HOUSING+MARKET

http://www.managementandbusiness.com/index.php?page=article&article_id=4512

http://articles.d-r-l.com/index.php?page=article&article_id=2072

http://www.article-content-king.com/article106338-THE+COACHELLA+VALLEY+HOUSING+MARKET.html

http://www.articleway.com/index.php?page=article&article_id=19596

http://www.articlexplore.com/index.php?page=article&article_id=3771

http://www.multiple-revenue.com/articles/index.php?page=article&article_id=12014

http://www.livearticlecontent.com/index.php?page=article&article_id=32632

http://www.articlenova.com/index.php?page=article&article_id=3254

http://www.articlefire.com/index.php?page=article&article_id=2188

http://articlekingdom.net/index.php?page=article&article_id=1607

http://www.articlerack.com/index.php?page=article&article_id=28163

http://www.pieceabout.com/aid55223/THE-COACHELLA-VALLEY-HOUSING-MARKET.html

http://www.articleonlinedirectory.com/index.php?page=article&article_id=40883

http://www.article-direct.com/index.php?page=article&article_id=26570

http://www.ireadarticles.com/index.php?page=article&article_id=8901

http://www.earticlespost.com/index.php?page=article&article_id=32547

http://freearticlepublishing.com/index.php?page=article&article_id=1522

http://www.article-website.com/the_coachella_valley_housing_m-a59153.html

http://www.mycontentbuilder.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/54117

http://bestinfobay.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/22864

http://www.articlesnatch.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/189664

http://www.contentfueled.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/17261

http://www.thearticlezone.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/99783

http://www.aplusarticles.net/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/42140

http://classroom.addictiveaquatics.com/articledetail.php?artid=698&catid=366

http://www.articleaddition.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/62533

http://www.articlebillboard.com/articledetail/2479/1/Sales/Business/1/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.articles-book.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/8332

http://www.articlecontentdirectory.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/15476

http://www.articlecrash.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/81459

http://article-feed-cache.the3rdpartynetx.com/articledetail.php?artid=48317&catid=9

http://www.articlefinance.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/1676

http://www.articlefree4all.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/83871

http://www.articlefreezone.com/articledetail.php?artid=33852&catid=9

http://www.article-gems.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/10420

http://articlegrabbag.com/articledetail.php?artid=33283&catid=9

http://www.article-internet-marketing-tips.com/articledetail.php?artid=1418&catid=9

http://www.onlineearnings.net/business/the-coachella-valley-housing-market.html

http://www.altrana.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/121426

http://garticles.theguruonline.biz/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/56970

http://www.infoasylum.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/7782

http://www.myarticlemall.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/31490

http://www.articleadventure.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/65864

http://internal-info.us/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/9560

http://www.articlepeople.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/56632

http://www.articlemotron.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/87166

http://www.article-library.net/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/28339

http://www.zillaarticles.com/article.detail.php/53065/1/Sales/Business/1/THE_COACHELLA_VALLEY_HOUSING_MARKET

http://www.articlemajor.com/articledetail.php?artid=1496&catid=9

http://www.articlemanual.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/53571

http://www.articlenexus.com/articledetail.php?artid=56516&catid=60&title=THE+COACHELLA+VALLEY+HOUSING+MARKET

http://www.articleowner.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/10418

http://www.articlepyramid.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/13733

http://www.articlesherpa.com/article.detail.php/1203/24/Real-Estate/Finance/3/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.articlesplash.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/11826

http://www.articleviral.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/70791

http://www.articlepotluck.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/58263

http://www.articlesbusiness.com/articledetail/1201/24/Real-Estate/Finance/3/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.articlesdepositery.com/article.detail.php/1194/24/Real-Estate/Finance/3/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.articlesfeed.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/67369

http://articlesinabox.com/index.php?cid=151&id=552

http://www.articlesknight.com/articledetail/1190/24/Real-Estate/Finance/3/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.articlesportfolio.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/26084

http://www.articlestoreprint.com/article_91660_the-coachella-valley-housing-market.htm

http://www.articles4meandu.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/13614

http://www.articleshmarticle.com/articledetail.php?artid=51738&catid=9

http://www.articolando.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/2578

http://www.bestarticlesnow.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/24067

http://www.bingoarticles.net/articledetail.php?artid=683&catid=0

http://www.blogtelecast.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/34484

http://www.articledesk.info/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/37683

http://www.e-worldarticles.com/articledetail.php?artid=1537&catid=9

http://free-article-depot.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/37173

http://www.contentdiffusion.com/article.detail.php/1190/1/Sales/Business/1/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://contentworkers.com/articledetail/1178/1/Sales/Business/1/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.detailingservices101.com/articledetail/62805/1/Sales/Business/1/THE%20COACHELLA%20VALLEY%20HOUSING%20MARKET

http://www.ezarticles.info/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/2590

http://ezarticles.net/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/41094

http://www.ezinexpress.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/25229

http://www.ezinesarticle.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/66964

http://www.freearticlepost.com/articledetail.php?artid=14799&catid=9

http://fyi-blogging.com/index.php?cid=99&id=290

http://www.fyi-computing.com/index.php?cid=97&id=349

http://fyi-cooking.com/index.php?cid=106&id=184

http://instantarticlesite.com/index.php?cid=151&id=406

http://www.earticlesonline.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/184514

http://www.add-articles.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/117086

http://www.electrictext.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/82465

http://www.articleszoom.com/Article/THE-COACHELLA-VALLEY-HOUSING-MARKET/2322

http://affiliates-surveys-marketing.com/index.php?page=article&article_id=1184

Trackback URI |