Palm Springs Homes & Neighborhoods

05/19/2026

Please come by my open house this weekend at The Cathedral Canyon Country Club. Gorgeous mountain, golf course, and lake views from the South facing patio and its very own cocktail bar located directly lakeside adjacent. Just listed and priced to move. Hurry, stand alone units with no shared walls usually go quickly.

04/17/2024

So what's going on in real estate lately? It's kind of a status-quo market due to monetary policy and people's fear of the unknown. I can tell you for sure that rich people are buying luxury homes and paying the premium prices created from the pandemic. They probably know more about what the future holds more than I do since they have financial advisors who do nothing but nurture the trusts of the well-heeled. I see the market like many of you who are still trying to make sense of sparse supply and prices that are mostly holding still with a habit of going up about 2% each year. Middle-class buyers are steadfastly holding on to their homes and few are trading up. Instead, they're enjoying their high equity and the low interest rates that almost all of them re-financed into during the health crisis of 2021 when rates were under 4%.

Here's my synopsis of our current situation:

Inflation and Monetary Tightening:
Inflation has been a persistent concern lately. Despite efforts to address it through monetary tightening, it stubbornly remains high.
Speculation surrounds the Federal Reserve (FED) and its potential actions regarding interest rates.
FED’s Likely Approach:
Recent inflation data suggests that the FED will likely maintain interest rates at their current levels for a longer period than initially anticipated.
The rationale behind this decision is a delicate balance: managing inflation while supporting economic growth.
The Real Estate Market Dynamics:
Despite inflationary pressures, the U.S. housing market faces unique circumstances that may mitigate downturn risks.
Low Inventory: A scarcity of homes available for sale has created a situation where demand outstrips supply, driving prices upward.
Fixed-Rate Home Loans: Many Americans hold low fixed-rate home loans. As a result, listing properties becomes less attractive in a market where buying a new home would double or triple their current interest rate. This contributes to the low inventory problem—few are selling.
Cost of Construction: Building a home today is costlier due to inflation. This further limits the supply of new housing stock and raises the cost basis for constructing new homes.
Market Outlook:
These factors combined suggest that the real estate market is unlikely to experience a sharp decline in values in the near future.
Instead, it’s probable that the market will continue to appreciate in value, albeit at a more measured pace.
Remember, economic landscapes are complex, and these insights are just a snapshot. Feel free to reach out if you need further guidance!

02/19/2024

https://680ashursti205palmsprings.bdhomes.com/?fbclid=IwAR1QLmuSwqP_YrrTiJW3CGkPodTHbRdDbpI8l-Byn-f6_0vB_sGN9pjsHAU

23 photos of this $199,000, 589 SqFt, Condominium property located at 680 N Ashurst Court -205, Palm Springs, CA 92262 MLS Number 24357537

02/19/2024

https://680ashursti205palmsprings.bdhomes.com/

Move-in ready fee simple condo in Palm Springs is clean, affordable and offers resort-like pool, spa, tennis and gated security. All just moments to the Design District and Palm Springs - Downtown and Uptown. Come see what $199,000 buys you in this ever ascending market. Don't wait!

02/18/2024

How do you take home the Modernism Week excitement all year long? By buying this Mid-Century stunner! It's open from 12-3 Sunday, February 17. Tell the guard at the gate you're going to Paul and Gary Lee's open house at 477 Desert Lakes Drive.

09/12/2022

"THE MOUSE RETURNS TO PALM SPRINGS"

From today's Palm Springs Post email,

The relationship between Walt Disney and Palm Springs is pretty well documented. Now, another chapter will be added in October when a special piece of Disney history appears at a local museum.

The news: The Palm Springs Air Museum announced last week that Disney's Grumman Gulfstream I plane will travel from Anaheim to Palm Springs on Oct. 15. Once here, the plane known as “The Mouse” will be put on display.

The museum plans to construct a new exhibit by Dec. 5 (Walt
Disney's birthday) to highlight the plane's history and its relevance to the city.
Details: “The Mouse” was initially designed with creative input from Disney and his wife to seat up to 15 passengers. It features a kitchen, two restrooms, two couches, a desk and various Mickey Mouse details.
Disney acquired the plane in 1963. While in service it transported about 83,000 passengers, including former U.S. presidents Jimmy Carter and Ronald Reagan.
What they’re saying: "We are so happy to have Walt's plane make a landing at the Palm Springs Air Museum, just a few miles from where Walt and his family had vacation homes at Smoke Tree Ranch," said Rebecca Cline, Walt Disney Archives director. “It is the ideal setting for this incredible icon."