January 2024 Housing Market Update – Greater Palm Springs Area In 2024, the real estate market is set for a positive shift. According to NAR Chief Economist Lawrence Yun and other top housing experts at NAR’s Real Estate Forecast Summit, we can anticipate an upturn. After a period of decline, existing-home sales are looking up for 2024. Mortgage rates, which recently peaked at nearly 8%, are now on a downward trend. NAR forecasts an average 30-year fixed-rate mortgage at 6.3%, while realtor.com® expects around 6.5%. This decrease is likely to make housing more affordable, drawing buyers back ..read more

What is better renting or buying? The Big Question: Is it Better to Rent or Buy a Home?  Deciding whether to rent or buy a home depends on various personal and financial factors. Here are some key considerations for each option: Renting Flexibility: Renting offers more flexibility to move without the hassle of selling a home. Lower Short-Term Costs: Generally, renting involves fewer upfront costs than buying (like down payments). No Maintenance Responsibilities: Most maintenance issues are handled by the landlord. Buying Building Equity: Homeownership allows you to build equity over ti ..read more

Real Estate Photography In an age where there is a camera on almost every phone, street corner or building you enter, image has never been more important. This extends to how you present your home to potential buyers. While many real estate agents offer photography included with their listing commission, not all photography measures up to the industry standard. When choosing a real estate agent it is important to know that one of the most important factors in selling a home is the photography. As such, be sure to vet any potential listing agent’s past listings to ensure their photographs will ..read more

Market Update June 2023 Real Estate Sales are Expected to Recover by the End of the Year Real Estate since 2020 has been a rollercoaster of highs and lows. This is illustrated in the latest Desert Housing Report released by The California Desert Association of Realtors (CDAR) and Greater Palm Springs Realtors (GPSR). Leading the report is the Sale Recovery Chart that shows how much variation there has been in the number of sales since the beginning of 2020 and the trend toward a normalization of the sales numbers by the end of the year. You can see this projection in the graph red line below ..read more

Real estate deals have many moving parts. One of the negotiations that take place is who pays for the various fees, taxes and insurance during and after escrow are an important part of every deal. While there is an expectation from both buyers and sellers on who pays for what, this can vary on the individual deal. However, varying from the standard expectation can cause a deal to fall apart and may not yield the expected result. This is why there always needs to be an important, valid and understandable reason for varying from the standard set. Here is the standard set responsibilities from bo ..read more

If you watch the news at all lately you have almost certainly heard about rising inflation. In May of 2022 the inflation rate reached 8.6% which is the highest rate since 1981. This market phenomena has not been on anyone’s radar for 40 plus years, leaving consumers with higher prices on everything from fuel and energy to groceries. Quickly the question that comes to mind is, “How can I hedge against these rising costs?”  One solution may be investing in more real estate or purchasing your first home to stabilize one of your biggest monthly expenses. This may seem counterintuitive as home ..read more

4 Things To Keep in Mind If You Are Planning To Sell Your Home in 2022 We are still in a window here in the Coachella Valley housing market where it’s a good time to be a buyer or seller.  Though sellers still have the upper hand and home prices continue on an upward trajectory, interest rates (at least in the short term) remain favorable for buyers. If you’re going to sell your home this year, though, be sure to keep these four pointers in mind. 1. Don’t Wait For The Landscape To Change For Buyers. Though mortgage rates are higher right now than they were at any point in 2021, they’re s ..read more

See below to learn how to donate today! Since 2017, in an effort to connect and give back to our community, The Jelmberg Team has ran a donation-matching campaign for local charities in the Sun City Insider Magazine (reaching over 9,500 readers in Sun City Palm Desert, Shadow Hills and Del Webb Rancho Mirage). Our gracious readers responded in amazing fashion, donating approximately $23,000 in the past 4 years to our non-profit partners. Adding the $23,000 that The Jelmberg Team matched, OVER $42,000 WAS RAISED FOR LOCAL CHARITIES DURING THE CHRISTMAS HOLIDAYS! It was such a blessing to partne ..read more

5th Annual Jelmberg Team $2,000 Charity Match Program This December 2021 The Jelmberg Team will match donations to 3 worthy charities up to $2,000 Since 2017, in an effort to connect and give back to our community, Jelmberg Team has ran a donation-matching campaign for local charities in the Sun City Insider Magazine (reaching over 9,500 readers in Sun City Palm Desert, Shadow Hills and Del Webb Rancho Mirage). Our gracious readers responded in amazing fashion, donating approximately $19,000 in the past 4 years to our non-profit partners. Adding the $19,000 that The Jelmberg Team matched ..read more

The Jelmberg Team has an option for you to beat out other buyers’ offers. Want to Buy a Home? Search All Homes Want to Sell a Home? Receive a Home Value Report If you have thought about waiting to list or buy a home in the Coachella Valley after the holiday season, I am going to give you a few reasons you may not want to wait. I’m Josh Jelmberg with the Jelmberg Team and though we sent out a market update in the last week or two, we felt it was important to inform you of a potential opportunity.  If you have been following our market updates then you know we remain at record low inventor ..read more