Advertisement

Business

Home prices lower this year compared to 2024; all eyes on next month’s Federal Reserve meetings

Last month, Palm Springs saw slight price declines with homes taking longer to sell and selling for a bigger discount, plus higher unit sales and an increase in inventory.

Advertisement
Latest in Business
California Supreme Court declines to hear Palm Springs development dispute

The denial means a Grit Development company must pay prevailing wages to construction workers on the project that transformed the former Desert Fashion Plaza site into a mixed-use development.

Palm Springs home prices decline as inventory rises in August market report

The latest Desert Housing Report shows median detached home prices dropped nearly 1% while days on market increased to 60 days.

Deadline looms for Palm Springs business training program offering $4,000 grants

The second edition of BizUp Palm Springs begins the week of Aug. 18. It offers free bilingual business training, along with personalized coaching and mentorship.

Palm Canyon Roadhouse plans to reopen in new location as leases end for pair of businesses

H3K Design, an adjacent business at the intersection of Ramon Road and South Palm Canyon Drive, also recently relocated.

Palm Springs pedicab operators seek relief from insurance requirements threatening business closure

The pedicab operators say they can't find an insurance company that will cover them under current city rules and definitions.

Palm Springs housing market shifts as sales drop while inventory climbs

There were 754 available units in June, the highest inventory level among all Coachella Valley cities, as homes are taking longer to sell.

Bookstore owners have solution for ongoing air conditioning issue: They’re moving the business

The Best Bookstore in Palm Springs will relocate nearby after their landlord declined to cover a $13,000 air conditioning repair bill, leaving the store without cooling since July 4.

Oak View Group CEO indicted on federal charges as company expands Palm Springs operations

Tim Leiweke will step down as CEO of the company and become vice chairman of the board of directors while remaining a shareholder.

Planning Commission approves In-N-Out with conditions; architectural review among next steps

The 7-0 vote came after about three hours of discussion focusing on traffic safety, architectural compatibility, and resident concerns about the restaurant planned for Smoke Tree Village.

Palm Springs home prices drop 3.8% while valley-wide inventory surges

The latest Desert Housing Report shows Palm Springs with the greatest price decline among valley cities as available homes increase by more than 1,300 units compared to last year.

More than just a gym: Fitness entrepreneurs bring community-focused approach to Palm Springs

"Everyone was saying to us, 'Please open a gym in Palm Springs. I think it would do great.'" -- Pieter Vodden, co-owner of Pharos Athletic Club

Sign up for news updates.

Close the CTA

Receive vital news about our city in your inbox for free every day.

100% local.

Close the CTA

The Post was founded by local residents who saw gaps in existing news coverage and believed our community deserved better.