Your Search for the Best Mortgage Loan Originators in Palm Desert Ends Here
Planning to make your own little paradise amongst the aqua blue and rugged brown landscape of Bay Area’s own swoon-worthy oasis? OK well, let’s simplify that for you.
Are you looking forward to investing in a luxurious, sprawling and functional home in Palm Desert? If yes, then this is what all you need to know before digging your toes deep into that mud and pick up your phone and fix a next meeting with a mortgage loan originator.
Shed aside the real estate scenario or the interest rates that have significantly plummeted since 2007, the environmental conditions here at Palm Desert is a different story altogether. To say, it’s warm here in Palm Desert would be an understatement of the century.
Basked in the sheer opulence of high and elevated mountain ranges on three sides and miles long spread of south-sloping valley floor, the climate of the Palm Desert is deeply influenced by its surrounding geography. Harboring year-round warm climate, warmest winters in the western United States, the city of Palm Desert maintains a subtropical desert climate, with summers high above 108 ° F with nights low often stay above 82 ° F.
To put it mildly, the intense heat and the humidity surrounding the region all year round due to the thermal belt created by the mountains, to survive the blazing and scorching weather conditions of Palm Desert is not everybody’s cup of tea, the reason why the city witnesses the coming and the going of so many snowbirds seeking permanent residence here because they can’t stand the summer heat.
Sales Prices Jump in summers
The rising temperature hasn’t stopped the real estate market from escalating too. Though the city has still not returned to its pre-recession peak, the market is slowly but steadily picking up, offering a ray of hope at the end of the dark tunnel for the home mortgage loan originators and the real estate agents that the market will continue to grow along the lines of this trend.
Going by the 2017 statistics, the sold listings in the Coachella Valley have skyrocketed, showcasing another surprising trend of ballooned sales of homes, condos, and villas from June 1 through September 30th each year. Getting the memo?
Summers in the Coachella Valley seemed like a fair deal for the people who already own a home there to list their homes for sale while for the people who are planning to invest in one, they need to sort through some major decisions about what they are looking for and how much they are willing to invest, since the values of the homes due to the increasing demand too plummets during that stretch of time.
Accelerating Home Values in Palm Desert
Across the Coachella Valley region, the values of homes have spiraled out of control in recent years. The major reason for this occurrence can duly be accredited to the narrowing list of home buyers, adding to the already soaring home values. The trends also reported a whopping 10% drop in the number of homes on the market, creating a well-accustomed situation if high demand and low supply.
But wait, the sky touching home prices and a handful of home options aren’t something that is pulling the buyers back from making their next purchase, this is especially true for the vacationers and part-time residents. Though the market is slow, it is steadily gearing up for the splash, gaining momentum at its own leisure. Apart from many other, the changing chords of the real estate sector is another reason why so many Los Angeles-based real estate agents have moved there business here in Palm Desert over the last 2 years.
Palm Desert in the Summers though hot, looks and feels like an absolute treat with the sun shining, pools sparkling and more alluring, and the skies perfectly sunny.
If you are convinced with the climatic dynamics, real estate trends and employment options available here at Palm Desert, Service Zoom is an online platform that can connect you with the reputed and professional mortgage loan originators in Palm Desert who can help you locate the right mortgage for your unique situation. How big a house you can afford evaluating your budget? Which type of mortgage loan will best fit your needs? Our rigorously verified service network of mortgage loan originators will answer your every question and fulfill each of your home finance need.