Wednesday, January 30, 2013

Six Reasons Housing Inventory Keeps Declining

Home sales in December dropped by 1% from November, the National Association of Realtors reported on Tuesday, but still stood nearly 13% above the levels of one year ago. That means home sales have risen from the year-ago month for 18 straight months. Read More...

Tuesday, January 29, 2013

Inventory: Only Challenge to the Real Estate Recovery

Chart going through the floorThe real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery.
However, there is one major challenge that could stall the housing market: a lack of inventory. Read More...

Monday, January 28, 2013

Housing to drive economic growth (finally!)

The bursting of the housing bubble plunged the economy into a recession from which it has yet to fully recover. But economists say this could finally be the year that housing lifts us out of the doldrums.

Thursday, January 24, 2013

7 Ways To Improve Your Home's Sell-ability

In this economy, houses aren't selling like they used to. However, there are some ways to improve the chances of selling your house. If you have a house on the market, or are considering it, read on for seven tips that will make it easier to sell your house and make a smooth transition from one owner to the next. (Learn more in Selling Your Home In A Down Market.)  Read more...

Monday, January 21, 2013

As Housing Market Rebounds, Listing Prices Cut the Other Way

The end of the year typically represents prime time for savvy home buyers who pounce on last-ditch discounting by sellers. But in another sign that 2013 may be brighter for housing, price reductions on for-sale homes are getting harder to find in many markets.  Read More...

Wednesday, January 16, 2013

Monday, January 14, 2013

5 Easy Fixes Before You List Your Home

Thinking of listing your home? Of course, you’ll want to get the best possible price. Before you call a major renovation squad for a TV-style home makeover, try these cheap and easy fixes to increase your home’s appeal. Read More...s

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Saturday, January 12, 2013

2012 On Pace to be Record Year for Housing Affordability

From: Mortgage Daily News

Even though home prices have been rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a record for housing affordability.  With 11 months of data in, NAR's Housing Affordability Index was at 198.2 in November, down 2.5 index points from October but 1.5 points higher than in November 2011.  Read More...

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Wednesday, January 09, 2013

U.S. Housing Affordability Index Set to Break Annual Record in 2012

According to the National Association of Realtors (NAR), 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage.

Looking for a home in Santa Fe New Mexico? Click here to search the entire MLS!

NAR's national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate.  The higher the index, the greater the household purchasing power; recordkeeping began in 1970.  Read More...

Tuesday, January 08, 2013

Good news about real estate: Home equity is growing again

After hitting a low of $6.45 trillion in the final quarter of 2011, Americans' combined home equity jumped 20% during the next nine months to $7.71 trillion.

WASHINGTON —With all the nail biting over fiscal policy and the economy in the closing weeks of 2012, you might have missed some of the positive trends under way for real estate. Read More...