The PGA Tour returns to the Coachella Valley for The American Express Golf Tournament, a 72-hole event featuring a field of 156 professional and 156 amateur golfers the world’s best golfers. The 63rd edition of the tournament will be played without ticketed spectators in 2021 because of state and Riverside County restrictions over health and safety regulations from the COVID-19 pandemic.
News in the Desert
Desert Real Estate News for January show Interest Rates Hit Another New All-Time Low: Interest rates remain the accelerant in the market through year’s end as the 30-year fixed-rate mortgage hit its 15th all-time low again last week. According to Freddie Mac, the typical rate during the holiday week was just 2.66%. That is down only 1 bps from the week before, but rates have now been below 3% for 22 consecutive weeks providing a tremendous boost to purchasing power for consumers. This is also likely resulting in more competitive offers driving up home prices as well.