One of the founders of Keller Williams Realty, Gary Keller, often poses the question "How will you know if the market is getting better?" Of course the main answer to this question is prices will start to go up and inventory will start to drop
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Volumes have already been written about how we got where we are, in todays Real Estate market, so I won't try to rehash that information here. What I want to share is my opinion of how you should be looking at your next real estate purchase/investment.
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Just a couple of years ago I remember opening the local newspaper and reading an article about how the average median price of a home in the Palm Springs area had SOARED to $432,500. Far out of reach of the average working family in the Palm Springs area.
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