Why is the APR higher than the interest rate?
The difference between Interest Rate and Annual Percentage Rate (APR). Why is APR higher than the interest rate? The APR accurately reflects the cost of the mortgage including the rate of interest, financing fees and charges based on the term ...
Coachella Valley Real Estate Market Review 2021
Thankfully, we can put 2021 behind us and we’re happy to say the 2022 real estate market is off to a great start. A MIXED BAG FOR 2021 Looking back at 2021, it was a Great year for homeowners. If you were selling a home, you enjoyed huge ap...
Top Design Trends in 2022
2022 Top Home Design Trends Many of the Top Design Trends in 2022 are iterations of past concepts. Not from a lack of imagination, but more from our need for the tried and true. As the pandemic has dragged on, keeping us in a state of uncertai...
Coachella Valley Arena Underway
CONSTRUCTION FOR THE NEW COACHELLA VALLEY ARENA IS MOVING ALONG AT BREAK-NECK SPEED The new Coachella Valley Arena, so named until a Title Sponsor is named, is a $300 million, 11,000+ seat arena on 43-acres adjacent to the Classic Club at Co...
American Express Golf Tournament 2022
PGA Tour Pro's Play for a $7.6 million purse at the 2022 American Express Golf Tournament in La Quinta, CA. January 19 - 23, 2021 PGA West, La Quinta, CA After the disappointment of the 2021 tournament with no fans due to the pandemic, the ...
Real Estate Market Report for the Coachella Valley Third Quarter 2021
REAL ESTATE MARKET REPORT FOR THE COACHELLA VALLEY 3RD QUARTER WHAT A DIFFERENCE A YEAR MAKES Market activity during the summer of 2020 was one of the best we’ve ever had. Strong Buyer demand and limited inventory created bidding wars amo...
Step Up Cost Basis and Inheriting Real Estate
STEP UP COST BASIS AND INHERITING REAL ESTATE The step up cost basis is a way of adjusting capital gains tax. This means that for the purpose of capital gains tax, the IRS re-sets the cost basis of the property to its value when the asset is...
Measuring Home Equity – The Price you Ask and the Agent You Select
Home Equity Measuring Home Equity; A Homeowners equity in their home is the difference between what the home is worth and what they owe. At any point in time, it's an estimate because value is subjective until the home actually sells. If...