Housing Trends – Desert Real Estate is “Hot”
Despite the many difficulties we all experienced in 2020, it was an extraordinary year for real estate and that has continued into 2021. The pandemic and social unrest during 2020 changed the behaviors of many people, especially as it relates to real estate. Working...
Dave’s Top 10
I had the pleasure of presenting "Dave's Top 10" to members of the Newport Beach Association of Realtors. The presentation is attached here. Enjoy! [pdf-embedder url="https://www.girlingreig.com/wp-content/uploads/2020/11/NBAOR-11-18-20.pdf" title="NBAOR...
Balboa Island Price Index / Market Update
Sometimes I feel that my market commentaries must sound like a “broken record”. We are still seeing extremely low inventories (active properties for sale), home prices continue to appreciate at 4-5% on average and historically low rates are driving purchases. Lot...
Rancho La Quinta Update
Communities such as La Quinta and other cities in the Coachella Valley continue to see spirited demand for housing driven by the latest trend where homebuyers are looking for safe-havens and good real estate values. However despite the increased demand, low inventory...
COVID and Its Effect On Real Estate
The Desert (Rancho La Quinta): Home Prices on a Per Square Foot Basis Remain Steady
Mortgage Rates: Why They Have Not Kept Pace with Lower Treasury Rates
With the 10-year Treasury reaching all-time lows (0.68% as of 6/2/2020) a few months ago, the expectation on the part of many consumers was that mortgage rates would be much lower. In actuality, mortgage rates were slow to move down the curve with 10-year Treasuries...
Villa Home Price Index (VHPI) – Q4 Results
The Villa Home Price Index is complete and the results along with the graphs are attached below:
Market Summary, Balboa Island and Q4 BIPI (Balboa Island Price Index) Results
The Girling Team held its quarterly breakfast this morning at the Village Inn (presentation is posted below). Today's real estate market is characterized by this economic equation: Low inventory housing levels (Supply) + Strong housing sales (Demand) = Increasing...
Dave’s Top 10 (Economic Factors You Should Be Following) – 10/22/2019
I had the pleasure of presenting "Dave's Top 10" to my fellow agents at Villa Real Estate this morning. The presentation is attached below. The Top 10 Factors are: Interest Rates Purchasing Power Housing Shortage Foreign Investment in US Real Estate Listing...
Housing Market Summary – Macro & Micro Factors Affecting Real Estate
Please see the attached Housing Market Summary (Macro & Micro Factors Affecting Real Estate). This will help you to address some of the questions that your clients may have. Please call with any questions. More to Come ... [pdf-embedder...
Foreign Investment in US Real Estate – NAR Study Shows Significant Decrease
NAR conducts a study entitled Profile of International Transactions in U.S. Residential Real Estate (April 2018 to March 2019) . As has been stated before, foreign investment along with low interest rates were two of the main reasons that real estate values soared...