As we move through April, there feels like a bit of change is in the wind! I am beginning to see evidence that there is a bottoming out of the housing market in the Coachella Valley!

The stock market has seen a 15% gain in just the past 30 days, the bad news in the media has slowed tremendously and there is more and more good news regarding Real Estate. Wells Fargo was profitable in the first quarter, cars sales are increasing, as are home sales.

Donald Trump was on Good Morning America this week, saying that this is ‘an excellent time to buy real estate’. According to Warren Buffett ‘The time to buy is when everyone is nervous. The time to be nervous is when everyone is buying’. It seems to me that everyone is still nervous about real estate right now, but that will change.

This doesn’t mean that everything is going to start selling. I think we will see some increase in home sales over the next 60-90 days, as more buyers start to believe that this is a good time to buy. Not enough sales to firm up prices, but enough to start reducing the inventory. The summer months may be a little more active than usual, and we will probably see a continuation of increased sales coming into next season.

Here are a few items you might find interesting:

•	An article from the LA Times regarding some rays of sunshine for the economy.
•	A Desert Sun article states that many think the worst is over.
•	On a different front, I have an article about a Formula One quality racetrack and research facility near the Thermal Airport.
•	Interesting information on Snuffing out mystery odors in your home.
•	www.DesertHomeTrader.com, a new website I am working on, that will match people who are willing to trade one home for another. This is still a Beta version, but take a look.
•	10 Bank Owned Homes listed for sale above $1 million in the desert. 3 are in La Quinta, 3 in Rancho Mirage, 3 in Palm Springs and 1 in Indian Wells.
•	The 10 Most Expensive Homes Sold in the Desert in March 2009, according to the Desert Area MLS. These sales were priced from $1.25 million to $5.2 million for a home at The Tradition. 3 are in La Quinta, 3 in Rancho Mirage, 2 in Indian Wells, 1 in Palm Desert & 1 in Palm Springs.
•	Mortgage rates as of 4/15/09.

Thank you for taking the time to read my Newsletter. I try to be candid and realistic with my comments and the information brought to you. If you have any real estate related questions or needs, please give me a call, or send me an email at Bruce@BruceBlomgren.com.

Sincerely,
Bruce