Thursday, December 27, 2012

Home prices post biggest annual jump in two years


The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index. Read More...

Monday, December 17, 2012

Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says

Home-price forecasts for 2013 are on the rise.
J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a 5% rise in 2013.
The J.P. Morgan analysts boosted their base-case estimate from 1.5% after a convincing rise in the “net demand” for housing this year has surpassed 2 million homes for the first time since 2006, said John Sim, a strategist at the investment bank. Net demand is the pace of existing home sales minus the inventory of homes available for sale.  Read More...

Thursday, December 13, 2012

A New Housing Boom

The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.

Signs of recovery have been evident in the recent pick ups in home priceshome sales and construction. Foreclosures are also down and the Federal Reserve has acted to pushmortgage rates near record lows. Read More...

Sunday, December 09, 2012

Jet Blue's coming to Duke City a boon for Santa Fe

No, Jet Blue airways is not flying to Santa Fe, but it will certainly increase the ease for New Yorkers who want to visit when airline service starts in April to Albuquerque.

Robert Painter who writes the World Traveler Insights Examiner blog is already setting the plate.
“Are you ready for the Santa Fe Opera? 

Thursday, December 06, 2012

Yearly Price Gains Continue into Offseason for Homebuying

Compared to 2011, home prices continued to show strong gains in October and posted their biggest yearly increase since June 2006, according to data from CoreLogic.

Home prices—including distressed sale—climbed 6.3 percent higher year-over-year in October, marking the eighth consecutive month of yearly gains. Distressed sales include transactions for REOs and short sales. Read More...

Monday, December 03, 2012

Five Reasons Home Prices Have Been Rising

Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released Monday by Lender Processing Services. 

Find a home in Santa Fe, NM

Compared with one year ago, prices are up by 17.7% in Phoenix, the largest gain among the nation’s 40 largest metro areas. Other cities with notable year-over-year increases include Detroit (11.7%), Las Vegas (11.5%), San Jose, Calif. (11.3%), San Francisco (10%), and Sacramento (8.3%).  Read More...

Saturday, December 01, 2012

Housing Market Propels Economy

The U.S. housing market, which plunged the economy into recession five years ago and was a persistent drag on the recovery, is now a key economic driver at a time when other sectors are slowing.

Economists project U.S. gross domestic product growth will slow in the final three months of the year from the sluggish 2% annual rate in the third quarter. Read More...