Wednesday, November 28, 2012

Home prices: Biggest rise in more than 2 years

NEW YORK (CNNMoney) -- In another sign of a housing market rebound, home prices posted the biggest percentage gain in more than two years in the third quarter, according to the closely followed S&P/Case-Shiller index.

The 3.6% increase from a year earlier is more than three times the rise in the previous quarter and was the biggest jump in prices since the second quarter of 2010. But that 2010 rise was much more of a temporary blip caused by a homebuyer's tax credit of up to $8,000 on homes purchased in late 2009 and early 2010. Read More...

Tuesday, November 27, 2012

5 Reasons to Love Santa Fe During the Holidays

There’s no question that Santa Fe is a wonderful place to live and visit. Our unique high desert city offers more artwork, food, music, shopping and recreation than we could ever begin to shake a stick at.  The City Different becomes especially magical during the holidays, though, inspiring visits from around the world. Here’s why we believe Santa Fe is the perfect place to spend your holiday season.  Read More...

Friday, November 16, 2012

It's starting to look like ski season!

It's that time of year again...can't wait!!!

Northern New Mexico ski areas are relishing the snowfalls over the weekend, though they were scant.
So far, the earliest scheduled opening date for the season is Saturday, Nov. 17, at Sipapu, near PeƱasco, where 5 inches fell over the weekend, adding to the resort’s artificial snowmaking efforts. Read More....

Thursday, November 15, 2012

NAR Economist: Home Prices to Rise 15% in 3 Years

ORLANDO—National Association of Realtors Chief Economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years, a boost for the beleaguered housing market.
Mr. Yun is widely known for his optimistic forecasts, given his employer, the nation’s largest housing cheerleader. Still, any talk of rising home prices is welcome news. Home values have plunged a third or more from the peak, leaving millions of Americans underwater, or owing more than their mortgage, and unable to move. If their values increase, they might feel comfortable enough to buy a bigger home or retire to a smaller one, helping everyone from real-estate agents, who would earn a commission, to retailers selling everything from furniture to paint. Read More...

Monday, November 12, 2012

Americans Upbeat on Prospects for Home Prices

Americans continue to show growing confidence that home prices will increase over the next 12 months, offering another sign of a slow but steady housing recovery, according to Fannie Mae's FNMA -2.52% monthly national-housing survey.
The mortgage-finance company said its poll of 1,001 Americans showed that consumers  expect home prices to increase an average of 1.7% over the next year. Read More...

Wednesday, November 07, 2012

CoreLogic: Home Prices Up 5% Annually, "Outpace Expectations"

Home prices increased 5 percent on an annual basis in September according to data released this morning by CoreLogic. The CoreLogic Home Price Index (HPI) which includes sales of distressed homes, indicate that September had the largest price increase in over six years and represented the seventh month when annual prices increased.  September's annual increase, however, was 0.3 percent lower than the annual increase in August.

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When distressed sales are excluded, home prices also increased on a year-over-year basis by 5 percent and increased month-over-month for the seventh consecutive month, increasing 0.5 percent compared to August.  Read More...

Monday, November 05, 2012

Where Are House Prices Headed?

We are often asked where we think home prices are headed over the next year. Recently, several groups have stepped forward and given their projections as to what level of appreciation we can expect by the end of 2013. Here is what they said:  Read More....

How much is your Santa Fe, NM house worth?

Saturday, November 03, 2012

Park the Pickup - Santa Fe by Bicycle

THE poet C. P. Cavafy said that a city changes when you fall in love with someone in it.  It can also change for less exalted reasons: when, for example, instead of sealing yourself in the personal microclimate of an automobile, you use a bicycle to get around. I happened to grow up in Oxford, England, a city, and country, where biking is a normal means of transport, no more a sport than bipedalism is. But it rains a lot, and I didn’t come away with a proper appreciation of the benefits of the bicycle. Read More...

Friday, November 02, 2012

Warren Buffett Just Made A Huge Bet On The US Housing Market Read more:

Perhaps the most bullish indicator for U.S. housing is Warren Buffett.

See how the housing market in Santa Fe, NM is doing

The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business.  

Thursday, November 01, 2012

Top Reasons to Own a Home

Buyers all across the nation are making their dreams come true. They’re signing on the dotted line and grabbing hold of the keys to a family home.


Despite record low interest rates and enticing pricing, many potential buyers are delaying the decision to buy. Read More...