Tuesday, April 09, 2013

Testing in radon in home is a good idea - The Santa Fe New Mexican: Home/Real Estate

Testing in radon in home is a good idea - The Santa Fe New Mexican: Home/Real Estate

Mortgage Financing: Get The Right Loan Products


When it comes time to finance the purchase of your new home, picking the right loan product can make it easier to get qualified and save you a significant amount of money over the course of the loan term. Prior to the financial crash that led to the recession, borrowers had a bewildering range of choices when it came to mortgage financing. That’s not as true today, but it still makes sense to choose from the limited selection wisely. Read More...


Thursday, April 04, 2013

Home Prices Improve at Fastest Rate Since 2006, Driven by Western States

Rapidly rising home prices were confirmed by another report this morning, this one from CoreLogic.  Its Home Price Index (HPI) jumped 10.2 percent on an annual basis in February, the biggest year-over-year increase  since March 2006 and the 12th consecutive month that home prices have risen nationally. Read More...


Thursday, March 28, 2013

Wednesday, March 27, 2013

Home prices: Biggest rise since housing bubble


NEW YORK (CNNMoney)

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 Realtor.com. 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...

Thursday, February 28, 2013

5 Reasons You Should Buy a Home NOW! by THE KCM CREW on FEBRUARY 4, 2013 · 2 COMMENTS

Many potential buyers are waiting until they can be 100% sure the real estate market has fully recovered before making the move to purchase a home. Here are five reasons why waiting might not make sense any longer: Read More...

Buy a home in Santa Fe, NM - Search the Santa Fe, NM MLS


Wednesday, February 27, 2013

10 Signs We're Not In Another Real Estate Bubble (Part 1)

Over at Yahoo! Finance, the headline for one of the most popular articles screams, "Housing Already Shows Signs of a New Bubble." The exact same sentiment is being shouted from the rooftops at Forbes, too: "Home Builders Could Become Heartbreakers Again."

Find a home in Santa Fe, NM

We're less than one year into a legitimate recovery in prices, and already the pundits can't help but sound the alarm about another possible "bubble"? Give me a break! Forget Rodney Dangerfield, the residential real estate rebound gets "no respect." Don't worry. We're nowhere close to another peak. Nor has the profit potential for housing-related investments suddenly vanished. Here are 10 hard facts to prove it…Read More...


Tuesday, February 26, 2013

Is It Safe to Sell Your House Now?

From the Wall St. Journal


It might finally be time to come out of the basement.
Seven years after the housing market began to collapse, rising prices and thinner inventories are presenting new opportunities for home sellers. 
Some hot markets are even seeing multiple offers for the same property—a phenomenon rarely seen since the boom years—as buyers become more confident and seek to take advantage of today's near-record-low mortgage rates. Read More...


Wednesday, February 13, 2013

The Best Day to List a Home, Expanded



Homeowners, rejoice—Friday really is the best day of the week. In Mansion on Friday, we reported that homes listed on Fridays sold for 99.1% of the seller’s original asking price, the highest percentage of any day of the week. Read More...


Tuesday, February 12, 2013

Home Prices Grow at Fastest Pace in Seven Years

BY JANN SWANSON  Mortgage News Daily

Home prices in the fourth quarter of 2012 showed a rate of annual appreciation greater than in any quarter since the end of 2005 the National Association of Realtors® (NAR) said today.  There were 133 metropolitan areas in which median prices rose during the quarter out of the 152 tracked by NAR.  Prices increase in 120 areas in the third quarter and only 29 one year earlier.  Twenty-nine areas posted price declines in the recent period.  Read More...


Wednesday, February 06, 2013

2012 home sales: Best in 5 years


NEW YORK (CNNMoney)

Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday.

The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November's sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the start of the recession. Read More...

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


by THE KCM CREW on JANUARY 29, 2013 · 0 COMMENTS
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

Contact Me to List your home in Santa Fe, NM 

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...

Find a home in Santa Fe, NM - Search the Santa Fe MLS

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...