Home Prices Hit a New All-Time High in December, Says Case-Shiller

Getty Images The numbers: Home prices in the 20 biggest U.S. metros rose for the 11th month in a row and hit a record high amid a persistent shortage of resale homes for sale. The S&P CoreLogic Case-Shiller 20-city price index rose 0.2% in December as compared with the previous month. Home prices in the 20 […]

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The Housing Market’s Unhappy New Year: Fewer Homes Go Under Contract as Mortgage Rates Rise

Getty Images The housing market isn’t off to a good start this year. The number of homes under contract that haven’t closed yet dropped 4.9% from December to January, according to a recent report from the National Association of Realtors®. Year-over-year pending home sales were down 8.8% in January. The culprit? Rising mortgage rates that

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Housing Starts Rebound in February by Largest Amount in Nine Months

David Paul Morris/Bloomberg via Getty Images The numbers: Construction of new U.S. homes rebounded 10.7% in February to an annual pace of 1.52 million units, the Commerce Department said Tuesday. That is the biggest gain in nine months. Despite the increase, starts are still below December’s level. Economists on Wall Street were expecting a 7.4% rise

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Existing-Home Sales Surge in a Positive Sign for This Year’s Housing Market

Getty Images This year’s housing market is off to a strong start. Sales of existing homes, which exclude new construction, jumped 9.5% from January to February, according to a recent report from the National Association of Realtors®. That was the largest month-over-month increase in a year. However, sales did dip a little annually, coming down

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Hike of the Month: Chuckwalla Trail Loop in Rancho Mirage

Chuckwalla Trail Loop. PHOTO BY STEVEN BILLER Popular with hikers and runners, the scenic and well-maintained Chuckwalla Trail Loop presents a moderately challenging, 2.1-mile route that begins and ends near The Ritz-Carlton Rancho Mirage. Park behind City Hall and access the trailhead from Frank Sinatra Drive. Once on the trail, you’ll straddle the line between

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Greater Palm Springs Chefs Celebrate Grapefruit Season

“The Elder” cocktail at Workshop Kitchen & Bar. PHOTO COURTESY NICOLE JARAMILLO If sipping an icy grapefruit saketini from a salt-rimmed coupe is your idea of nirvana (as it is ours), read on. Grapefruit season in Greater Palm Springs gets the royal treatment as local hot spots present citrus-centric offerings throughout March. From spunky cocktails

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Palm Springs Calling: Events to Spice Up Your Spring Escape (March 16 – April 30, 2024)

Spring has sprung in Palm Springs, and that means it’s time to shed the winter blues and head for this sunny desert oasis! Whether you’re a music lover, a festival enthusiast, or simply seeking a vibrant escape, Palm Springs has something for everyone between now and April 30th. Music in the Air Get ready to

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Coachella Valley Real Estate Update: February 2024

Coachella Valley Real Estate Update: February 2024 Prices: Home prices continue to rise in the Coachella Valley, with detached homes reaching a median of $680,500 in February. Attached homes also saw an increase, reaching a median of $488,250. However, price changes vary across different cities, with some experiencing significant gains and others facing slight declines.

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Palm Springs Real Estate: A Desert Oasis Market Update for 2024

Nestled amidst the dramatic San Jacinto Mountains, Palm Springs Real Estate continues to captivate buyers with its mid-century modern charm, vibrant arts scene, and endless sunshine. But what’s the current state of its real estate market? Here’s a breakdown for potential buyers, sellers, and curious observers: Market Snapshot: Prices: While the blistering growth of 2022 has

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