The DesertSmith Group

47060 Washington St. #5101
La Quinta, CA 92253
Robin's Cell: (760) 501-7989
Randy's Cell: (760) 408-8369
Robin@DesertSmith.com
Randy@DesertSmith.com

 

La Quinta Luxury Homes – Momentum Picks Up

The luxury home market is picking up as people begin to buy more multi-million dollar houses, and homes in the Southern California area like La Quinta Luxury Homes are no exception.

According to this article from CNN Fortune:

Sales of homes priced at $1 million or above in the U.S. rose 31% to 8,900 units in October from the same month a year earlier, according to the NAR. The gain was higher in September as sales in that price category climbed nearly 40% to 9,000 units from September 2012.

At the same time, tight mortgage underwriting standards are expected to ease somewhat for jumbo mortgage borrowers. “This should help keep the luxury housing market moving in 2014,” he says.

Classic Mercedes for La Quinta Luxury Homes

Classic Mercedes for La Quinta Luxury Homes – Photo via Wikimedia Commons by user Rex Gray from Southern California

Keeping the La Quinta luxury home market moving is great – and the Desert Smith Team is the team that can help you make sense of this unique market.

The DesertSmith Group services La Quinta, Palm Desert, Indian Wells, Bermuda Dunes, Rancho Mirage, Cathedral City, Palm Springs, CA and surrounding areas. For all your La Quinta Luxury Home real estate needs, please contact us.