While searching for available real estate in Coachella Valley, you’re most likely looking for facts about the current housing market as well. Patrick Stewart Properties has some information you can use to educate and prepare yourself for the adventure of home-buying you are about to embark upon.

According to the most recent statistics released by the Census Bureau, new home sales have been slowly yet steadily increasing since their all-time low in January 2009. There was a 0.3% increase in new home sales in April from March, showing an improvement in the market.

New home sales have declined nearly 75 percent from their peak in July 2005. This may seems like a staggering statistic, yet it is important to know that they have hit bottom and stabilized within the last four months. While prices are predicted to stay low through the remainder of 2009, recovery could begin as early as 2010.

We post juicy articles on our blog weekly, so check back often to stay up-to-date on the most recent real estate and housing market news.

Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.