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The real estate industry in Palm Springs is broken. At least that’s the fervent belief of Harout Keuroghlian, CEO, founder, and principal broker of JohnHart Real Estate who are currently in the process of opening their Palm Springs branch on Palm Canyon Drive. The company’s agents have been helping clients buy and sell homes all across the Coachella Valley for years, but the opening...
Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not talking about changing seasons. With the exception of two of our neighborhoods, all areas dropped closer to a buyer’s market this month or simply treaded water. And of the two that moved further into seller’s territory, one was by a single percentage poi...
Lowered down payment requirements for multifamily homes In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plex...
Less competition doesn’t make the current housing market any less challenging. Just ask the agents who battled through a vicious third quarter to claw their way onto our Top 25 Agents list. This year has turned a lot of agents away from the industry, from rookies feeling in over their heads to seasoned agents tempted into early retirement. Then, there are those agents who still see their ...
