The supply of resale homes in the Coachella Valley shrinks, as lower-priced houses are bought up by bargain hunters. “The inventory levels are some of the lowest we’ve seen in quite some time,” said Patrick Jordan, broker associate with Patrick Stewart Properties, Windermere Real Estate in Palm Springs. According to TrendVision’s recent information from the [...]
Recent reports show a significant 36% drop in Coachella Valley foreclosures in September, which is the lowest drop since 2008. The figures show only 58 foreclosures for Palm Desert, a 37.6% drop since a year prior. “As foreclosure filings continue to tumble and bargain hunters snap up the dwindling inventory of bank-owned and other distressed [...]
With foreclosure numbers down, August makes the fifth consecutive month with significant declines. The number of foreclosure filings dropped to 1,265 in August, so the latest report shows one in every 166 housing units in Coachella in some stage of foreclosure, according to RealtyTrac. Single-family homes sales, REOs and short sales also dropped, this time [...]
Foreclosure auctions, mortgage default notices and bank repossessions fell 16.3% in August, compared to the same month a year ago throughout the Coachella Valley. This makes August the fifth month with significant declines. The number of foreclosure filings fell to 1,265 in August from 1,511 in August 2010, with one in every 166 housing units [...]
