Real estate is currently one of the most popular investment options in the country. The housing market has settled down a bit and the demand for housing is quite high. Large cities on the west coast including San Francisco, Seattle and Portland are announcing housing shortages. If you can swing it, now is a great time to get involved in real estate investments – especially in California. If you can purchase a home in California and use it as a rental (while its equity increases, of course) you will most likely have a large pool of potential tenants. And you’re almost guaranteed to have tenants if you get yourself involved in Palm Springs real estate investments. There are several reasons why Palm Springs should be on your radar, here are just a few of them.

California Home Sales

According to the California Association of Realtors, or C.A.R., the amount of home sales in California is expected to decrease by a total of 3.2 percent this year. This means sellers should be taking any and all offers very seriously. Just a few years ago people were having to make cash offers over the asking price, but things seem to be slowing down.

Vacation Rental Opportunity

Palm Springs has always been a popular vacation destination. There is no shortage of people looking to book their next trip there so they can enjoy the warm weather, sparkling pools, golf courses and numerous festivals. If you’re interested in managing a short-term rental property the Palm Springs real estate market is one of the best choices you can make.

Rising Home Values

Home values in general are increasing at an impressive rate. On average homes are appreciating at a rate of 5% annually. If you purchase a home for $400,000 you will see a return on investment of $20,000 in one year.