Life in the Desert
La Quinta’s Real Estate Outlook for 2022
La Quinta’s Real Estate Outlook for 2022 – The real estate market during 2020 and 2021 has been record-breaking, and if you have tried purchasing a home in the Desert during this time, it could be described as frustrating! Many buyers have missed out by being outbid or too many offers on one property.
FHFA Raises Fees on High-Balance Second-Home Loans
Previously posted on REALTOR.com The Federal Housing Finance Agency announced it would be increasing upfront fees on second-home mortgages and on mortgages that finance homes with balances that exceed standard conforming loan limits. The fee...
Second-homes are In Demand in 2022
Second-homes are In Demand in 2022 and it’s not only retirees or snowbirds who are purchasing Second/Vacation homes; employees who work remotely are buying them also.
What will 2022 Look Like?
Home buyers may have felt more determined in November to purchase before 2021 comes to an end and mortgage rates and borrowing costs increase, as largely is forecasted to happen.
Market Minute for December 11th, 2021
As the year draws to a close, there are encouraging signs that suggest the housing market will remain solid in the upcoming year. Rising homeowner equity, higher demand for second homes, and the improvement in investor sentiment are all good news that point to a promising 2022. Low mortgage rates expected for the year ahead should also help increase homeownership opportunities for buyers of all ethnic background. There are potential headwinds, nevertheless. Inflation will remain a concern in 2022 as long as supply constraints continue to be an issue, and the impact of Omicron to the economy is still an uncertainty.
Buying Your Second Home in La Quinta?
Here are some things you may want to keep in mind when buying your Second or Vacation home in La Quinta: How often will you use it? Will you be the sole occupant or will others vacation there, also? (Warning: Owning a home in...