Wednesday, March 27, 2013

Home prices: Biggest rise since housing bubble


Home prices continued their recovery, rising 8.1% in January, although a separate report showed a slight slowdown in new-home sales.

The S&P Case-Shiller index, which tracks the 20 largest markets in the nation, showed the biggest year-over-year gain in prices since June 2006. Read More...

Sunday, March 17, 2013

5 Best Markets to Buy a Home

Santa Fe is a small, affluent area with a vibrant arts scene and a heavy reliance on tourism.

Because of its small size -- the city's population is less than 70,000 -- and the fact that a large percentage of its housing stock is used as vacation homes, "you see greater market fluctuations there than most places," said Errol Samuelson, president of Read More...

Wednesday, March 13, 2013

Study: 90 percent of homebuyers searched online when hunting for a new home

A new collaborative report by Google and the National Association of Realtors (NAR) has uncovered some interesting trends and insights into the ways digital media is used in the home buying process.

Find a home in Santa Fe, New Mexico - Search the Santa Fe MLS

One of the most eye-catching statistics included in the report is that 90 percent of American homebuyers used online resources while searching for a new home.  Read More...

Friday, March 08, 2013

Household Worth in U.S. Rises by $1.17 Trillion on Housing

Household wealth in the U.S. climbed in the fourth quarter to the highest level in five years, propelled by a gain in home prices that is helping repair family finances.
Net worth for households and non-profit groups increased by $1.17 trillion from October through December, or 1.8 percent from the previous three months, to $66.1 trillion, the Federal Reservesaid today from Washington in its flow of funds report. It was the highest since the fourth quarter of 2007.  Read More...

Wednesday, March 06, 2013

Forward Momentum in the Real Estate Market - Santa Fe - Live, Work, Play, Stay

Forward Momentum in the Real Estate Market - Santa Fe - Live, Work, Play, Stay

Home Prices Rise 9.7%

Home prices as measured by the CoreLogic Home Price Index (HPI) had the largest annual increase in January that it had experienced since April 2006.  The January number was up 9.7 percent from January 2012 and represented the 11th consecutive month the HPI, which includes distressed sales, increased from its level one year earlier. The index was up 0.7 percent from December.  All but two states, Delaware and Illinois are experiencing year-over-year price gains. 

Find your home in Santa Fe, NM.

The HPI which excludes distressed sales was up 9.0 percent compared to one year earlier and 1.8 percent from December.  There were no states in which prices of homes, excluding distressed sales, i.e. lender-owned real estate (REO) or short sales, declined on an annual basis.  Read More...

Saturday, March 02, 2013

Annual Home Values Rise 6.2 Percent Nationwide in January

Zillow’s release of our January Real Estate Market Report indicates national home values rose to $158,100, up 0.7 percent from December. This rise marks the 15th consecutive month of national home value gains, indicating a resilient housing market. Home values grew 6.2 percent year-over-year, the largest annual gain since July 2006 (7.5 percent). 

Annual home value appreciation was widespread last month, with gains in all of the 30 largest metro markets covered by Zillow. One-third of the top 30 metros boasted annual appreciation rates above 10 percent, led by Phoenix (21.9 percent), San Francisco (17.2 percent) and San Jose (16.8 percent). Los Angeles, with a 9.7 percent annual appreciation rate, just missed the cut. Monthly home value gains in January were measured in 27 of the top 30 metros. St. Louis and Orlando depreciated, while Baltimore remained flat. Read More...