Is Palm Springs in a Housing Market Correction?
Posted by Jim Cronin on
Anyone paying attention to the housing market will have heard the recent predictions of a market correction. With interest rates increasing and prices decreasing, it has been the subject of much speculation. Many economists believe there is already a market correction underway nationally.
Just because the national market is in correction doesn't mean every regional market is also. A market like Palm Springs is unique, as not only is it a very desirable place to live, it's also a popular tourist destination. This post will cover a few points that indicate whether the Palm Springs housing market is in correction.
Signs of Palm Springs Housing Market Correction
Days on the Market
The number of days homes sit on the market can indicate where the…
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