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Monday Morning Real Estate Update 03/24/08

by The Zwemmer Group

 Good morning,

I hope everybody had a great Easter weekend.  The Indian Wells tennis tournament brought us over 350.000 visitors from all over the nation, what resulted for a busy week in Real Estate.

There are still great deals out there, with the new low interest rates makes it a perfect time to buy and sell.

Our Canadian friends continue investing in large numbers here in the desert.  If you are looking for more information regarding foreign lending, feel free to send me an e-mail

You can view all home listed for sale in the Palm Springs area by visiting www.desertonline.com.

Fed cuts key lending rate  Again !

Last week, the Federal Reserve cut the rates again with 0.75%.

resulted in lower mortgage rates again.

Here are the new rates for this week!

NATIONAL OVERNIGHT AVERAGES

 

TODAY

 

LAST

WEEK

30 yr fixed mtg

5.62%

 

5.89%

 15 yr fixed mtg

5.09%

 

5.22%

5/1 ARM

5.73%

 

5.70%

30 yr fixed jumbo mtg

7.16%

 

7.05%

5/1 jumbo ARM

6.50%

 

6.22%

 

 

 

 

 

 

 

 

Weekly Weather Forecast

Today        89°F / 56°F

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Have An Awesome Week!

Rob Zwemmer

INSPIRATION FOR TODAY: 03/24/08

by The Zwemmer Group



"Happiness is like a butterfly. The more you chase it, the more it will elude you. But if you turn your attention to other things, it comes softly and sits on your shoulder."
 

~ Anonymous

DRAW YOUR OWN MAP!

Imagine you've planned the trip of your dreams - say from North Carolina to Colorado. You've charted all the roads, have a fist full of maps just in case, and have your priorities straight in your mind. You get started on a beautiful sunny day, and begin enjoying the ride.

Late in the day, as you approach the Mississippi River, you drive straight into a bank of heavy fog. You turn on your lights, but still cannot see 10 feet ahead. Just because the highway is out of sight doesn't mean you've lost your way. Continuing on the path you've set for yourself, you soon break out into the sunshine again - still headed in the direction of your dreams.

In perspective, consider that the trip represents your life's goal - your first priority. Steering your vehicle down the highway hour by hour represents your efforts to reach your goal. The fog bank illustrates the momentary interruptions and obstacles encountered on your journey.

As day #2 begins, you find that you've come to an unexpected intersection - one that's not on your map. Confused, you pull over and examine the map closely. Stay to the right and you'll end up in Colorado. Take a left and you may arrive at an unanticipated, yet equally wonderful destination.

OK, let's cut to the chase! Sometimes your priorities change, don't they? Just as you think your goal is in sight, a new opportunity arises. Remember the saying that "life is a journey - not a destination"? What's exciting is that YOU are in control of the steering wheel, and whatever destination you choose is OK - so long as it's YOU who has made the choice.

Happy motoring!

Monday Morning Real Estate Update 03/17/08

by The Zwemmer Group

 

Good Monday morning

Happy St. Patrick’s Day !

After a few days of winter weather, It's looking up !  warm weather is here for the week. The Pacific Life Open Tennis tournament is expecting to bring about 350,000 thousand visitors here to the valley this week. This makes it the fifth largest tennis tournament in the world.

The number of homes for sale last week has hit a higher level, but also the number of Home Sales has hit a record high.

This is due to our Canadian friends who are investing in properties here in the desert.  Right now the Canadian dollar is equal to the US Dollar and is to be expecting to drop again by the end of this year.

You can view all home listed for sale in the Palm Springs area by visiting www.desertonline.com.

Fed cuts key lending rate !

In a rare weekend move, the Federal Reserve took new steps to ease the growing credit crisis.

The central bank approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately.

Here are the new rates for this week !

NATIONAL OVERNIGHT AVERAGES

 

TODAY

+/-

LAST WEEK

30 yr fixed mtg

5.89%

6.09%

15 yr fixed mtg

5.22%

5.49%

5/1 ARM

5.70%

5.35%

30 yr fixed jumbo mtg

7.05%

7.04%

5/1 jumbo ARM

6.22%

6.11%

 

 

 

 

 

 

Weekly Weather Forecast

Today        71°F / 49°F

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Have An Awesome Week!

Rob Zwemmer

INSPIRATION FOR TODAY:

by The Zwemmer Group



"You can either complain that rosebushes have thorns - or rejoice that thorn bushes have roses!"
 

~ Anonymous

WHICH BOUQUET DO YOU PREFER?

Whether or not you have a green thumb, you probably know that gardens may contain either annual or perennial flower varieties. Annuals are fun to grow for several reasons: 1) they sprout quickly from seeds, 2) they flower the first year, and 3) their colors can be brilliant and most pleasing. They are also less hardy and die out at the first sign of frost. Each spring, new seeds must be planted.

Perennials are another story. Growing from seeds, they take longer to sprout and rarely flower the first year. Their colors are more subtle hues, and they require more attention in the early stages. They must be cut back in the winter and covered with mulch, and may require fertilizer in the spring. They also come back year after year, returning with stronger roots, greater beauty and abundant growth. With time, they require less and less attention, yet continue to prosper. No matter how cold the winter, they always return with renewed vigor.

Friendships and business relationships are a lot like flowers, and may also be either annual or perennial in nature. They may be quick to bloom and most enjoyable to experience, yet fade quickly at the first hint of trouble.

Others grow more gradually through trust-building and respect. They may not dazzle the senses or leave us breathless, yet they are consistent, trusting, and produce a warm glow that hardly fades when tested by adversity. These relationships grow over time, and produce an abundance of lasting beauty.

In business, as in personal relationships, the best things in life come with time and caring. When planning your life's garden this spring, why not devote your attention to the perennials? With an added touch of patience, you can look forward to the sweet fragrances to come.

Monday Morning Real Estate Update 03/10/08

by The Zwemmer Group

Good Monday Morning!

As Spring arrives in the Palm Springs Area it reminds us as to how fortunate we are to live in such a gorgeous area.  Spring is truly a wonderful time of year in the Coachella Valley.

The number of homes for sale at this time has hit a higher level.  But the number of home sales keeps going up.

 This indicates a stable market and one that should be very good for home buyers over the next quarter. With the continuation of very attractive mortgage interest rates, perspective home buyers should pay close attention.

You can view all home listed for sale in the Palm Springs  area by visiting www.desertonline.com.

On Thursday we got the announcement that the conforming loan limit / FHA limit for Riverside County has increase to $500,000 for single family homes. 

Here are the new rates for this week !

NATIONAL OVERNIGHT AVERAGES

 

TODAY

+/-

LAST WEEK

30 yr fixed mtg

6.09%

5.80%

15 yr fixed mtg

5.49%

5.16%

5/1 ARM

5.35%

4.94%

30 yr fixed jumbo mtg

7.04%

6.79%

5/1 jumbo ARM

6.11%

5.67%

 

 

 

 

 

 

Weekly Weather Forecast

Today        83°F / 53°F

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Have An Awesome Week!

Rob Zwemmer

MONDAY MORNING COFFEE 03/10/2008

by The Zwemmer Group

INSPIRATION FOR TODAY:

"The best laid plans o' mice and men often go astray."
- Robert Burns

"What would you do if you weren't afraid?"
- Haw (from "Who Moved My Cheese?")

 

DON'T GET TOO COMFORTABLE!

Are you enjoying the good times? Have you achieved your goals and become comfortable in the knowledge that you have reached the zenith of your life and career? But wait! Hold on just a minute. What if things were to change suddenly . . . and you ended up back at the proverbial "Square One"?

Maybe that's already happened to you a time or two. Perhaps your career took a sudden turn in a direction you hadn't anticipated, or a health problem caught you totally by surprise. What did you do then? Were you paralyzed by fear? Did you feel cheated, or angry? Did you blame circumstances for your new situation?

No doubt you are able to rationalize objectively that all of us face change from time to time, that it's a part of life. It's difficult, however, to be objective when change suddenly stares you straight in the eye.

Some answers popped up this week to the challenges of change. You'll find those answers in a short, easy-to-read book entitled "Who Moved My Cheese?" Written by Spencer Johnson (co-author of "The One-Minute Manager"), it's the story of two little mice named "Sniffy" and "Scurry" and two little people the size of mice called "Hem" and Haw." The story traces the whimsical challenges faced by these tiny characters as they travel through the maze called "real life."

If you have ever been challenged by change in your world, you'll find comfort and sage advice in this simple story. It's waiting for you to read, and it's worth the short time you'll need to absorb the lessons it contains. This is a great story - don't miss it!

Is Your Home Office Tax Deductible?

by The Zwemmer Group

Is Your Home Office Tax Deductible?

You can deduct certain expenses if your home office is the principal place where your trade or business is conducted or where you meet and deal with clients or patients in the course of your business. Your home office will qualify as your principal place of business if you use it exclusively and regularly for the administrative or management activ- ities associated with your trade or business. There must be no other fixed place where you conduct substantial administrative or management activities.

Generally, the amount you can deduct depends on the percentage of your home used for business. Your deduction will be limited if your gross income from your business is less than your total business expenses.

Here are some basic facts to consider if you work at home:

  • A home office may qualify for deductions if you use it for administrative or management activities of your trade or business if there is no other fixed location to conduct such activities.
  • The home office deduction is available to you whether you rent or own.
  • If you rent, figuring your home office deduction is relatively simple. Just multiply your annual rent payment by the percentage of the total space occupied by the office. That prorated portion can also be applied to utilities, insurance, repairs and maintenance.
  • There are limitations to home office deductions based on your income. The taxpayer must be able to itemize deductions, using Schedule A. The home office deductions - along with other miscellaneous deductions - must exceed 2% of your adjusted gross income.
  • If home office deductions exceed net self-employment income, those deductions may be carried forward to the next year, again, only if the self-employed has sufficient net income.
  • For telecommuters, the business use of an employee's home must be for the convenience of the employer, and the employee must not be renting the office space to the employer.

5 Tips on Understanding Home-Office Deductions

by The Zwemmer Group

5 Tips on Understanding Home-Office Deductions

  • Take advantage of every legal opportunity to reduce your taxes. Recent changes in the law benefit business owners who use their homes as an administrative and management base but work at other locations.
  • Ask your tax professional to analyze your business regularly so you don't miss important deductions.
  • Document deductible items. These usually include such costs as computers and other equipment, telephone charges, furnishings, and prorated portions of rent, utilities and home insurance. You may not deduct expenses for lawn care or those related to rooms not used for business.
  • If you are a homeowner, discuss with your tax advisor whether or not to take a depreciation deduction for the office space.
  • For detailed information, go to the Internal Revenue Service website, and download IRS Publication 587, Business Use of Your Home.

If You've Got It, Deduct It...Maybe.

by The Zwemmer Group

If You've Got It, Deduct It...Maybe.

Running a home-based business can offer many beneficial tax deductions that other businesses sometimes may not claim. Unfortunately, too many small business owners end up paying extra taxes every year because they are unaware of several small business deductions that are available.

Each business may be different, however, so be sure to discuss any possible deductions with your tax advisor or accountant.

  • If you join any business or purchase into any franchise, the expenses, such as kits or franchise fees, may be claimed as deductions.
  • Be sure to save all receipts for any supplies you purchase for your business use. Computer paper, business cards, pens, catalogs, or any other items you purchase and use for your business.
  • Most advertising and giveaways can be claimed on your taxes. Keep all receipts for any newspaper ads or any advertising you do online.
  • If you have a phone line or internet connection for business use, save all receipts for each bill paid.
  • If you incur fees from customers' bounced checks, those amounts may be deductible. Be sure to keep the returned check, the letter from your bank and your bank statement to show the fees you were charged.
  • Keep receipts for all shipping supplies and postage.
  • Computers, copiers and fax machines may also be deductible.

Monday Morning Real Estate Update 03/03/08

by The Zwemmer Group

Good Monday Morning!

Yeah!  Spring is back !     Temperatures are up and so are Home Sales!

Nationally, the home sales statistics are continuing to slide.  In the Palm Springs area the Real Estate market continues to look better than it does throughout most of the country.  I am seeing homes sell that have been sitting for months.  Much of this is due to home sellers reducing prices, which is certainly good news for buyers.  Because of this there are now more buyers looking and actually taking action to purchase.

I would also like to share this interesting news article out of the Desert Sun from last Saturday.

http://www.mydesert.com/apps/pbcs.dll/article?AID=2008803010318

 

Last week was a step in the right direction as far as mortgage pricing was concerned.  We’ve seen rates come back down about 0.25% across the board when compared to last week.  30 year fixed conforming rate is at 5.75% with 1 point.

If you are thinking about selling your home, visit www.DesertCMA.com. It will provide you with a Free, Easy Market Analysis for your Home and you neighborhood.

NATIONAL OVERNIGHT AVERAGES

 

TODAY

+/-

LAST WEEK

30 yr fixed mtg

5.80%

5.95%

15 yr fixed mtg

5.16%

5.44%

5/1 ARM

4.94%

5.10%

30 yr fixed jumbo mtg

6.79%

6.93%

5/1 jumbo ARM

5.67%

5.79%

 

 

 

 

 

 

 

Weekly Weather Forecast

Today                 77°F / 54°F

 

Have An Awesome Week

Rob Zwemmer


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Displaying blog entries 1-10 of 11

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