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...

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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...

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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 Peñasco, where 5 inches fell over the weekend, adding to the resort’s artificial snowmaking efforts. Read More....

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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.

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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...

Housing Market Uptrend Expected Through 2014

The housing market recovery should continue through the coming years. Read More...

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America's Best Cities

Santa Fe does it again!  Voted #2 in the latest Travel and Leisure Poll.  Read More...

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.

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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...

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...

Where Are House Prices Headed?

by THE KCM CREW on NOVEMBER 5
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....

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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...

Warren Buffett Just Made A Huge Bet On The US Housing Market Read more: http://www.businessinsider.com/warren-buffett-brookfield-asset-managment-housing-2012-10#ixzz2B57P5lzt

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

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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.  Read more...

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.

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

Home prices rise for fifth month in a row

NEW YORK (CNNMoney) -- The housing market picked up more momentum in August, as the average home price for 20 major cities jumped 0.9%, according to the S&P/Case-Shiller home price index. 

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The increase marked the fifth consecutive month of gains for the index with all but one city, Seattle, recording month-over-month price increases. Read More...

Home Prices Up 11 Percent

Home sales dropped a bit over the last month but they remain strong compared to this time last year and price gains remain robust.

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NAR Chief Economist Lawrence Yun released NAR’s September 2012 existing-home sales figures on Friday last week, and they’re down 1.7 percent from August figures, to an annual sales pace of 4.75 million units. That’s still 11 percent above where they were last year, suggesting that the long-term upward trend continues. Read More...

New-home sales hit 2-year high

NEW YORK (CNNMoney) -- In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday.

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Sales sold at an annual rate of 389,000 homes in the month, according to the Census Bureau report, up 5.7% from the 368,000 sales pace in August. The last time sales were at this pace, in April 2010, they were being helped by a short-term home buyer's tax credit. Read More...

Is the Housing Market Finally Rebounding?

Throughout the country, homes that once sat on the market for years are now in demand. According to a survey conducted by housing research firm Metrostudy that covers 65 percent of the country, there are less than 30,000 vacant new homes on the market. In the pre-bubble housing market, there were typically 100,000. Last month, builders constructed new homes at the fastest pace since 2008. 

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These are just a few of the growing number of signs that the five-year-long housing slump might finally be coming to an end.  Read More...

The 25 Best Places to Retire

Although Santa Fe is not on the list, Albuquerque is. Close enough!

There is much to be said for a place where you can ski in the morning and golf in the afternoon; drink Italian-style espresso at breakfast and eat homemade sopapillas for lunch; see ancient petroglyphs one day and gallery hop the next.

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The Housing Market Is Telling Us The Rest Of The Economy Will Accelerate Within Months

Despite some nagging doubts that have remained over the U.S. housing market, consensus is that housing has turned the corner and is recovering.

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In his latest note titled The Housing Recovery Is For Real, Deutsche Bank's Joseph LaVorgna writes that the "residential housing market is in the very early stages of a durable recovery."

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Change ahead for Santa Fe housing market

Something has to give in Santa Fe’s housing market.

The September numbers for home sales show that the summer sizzle ended with a bang as there were 164 closed residential sales — the best September since 2006, according to data compiled by Alan Ball of Keller Williams Real Estate. Adding in the total number of sales from July through September brings 451 closed sales in the busiest season, up 35 percent from the same three months of 2011. 

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And this comes at a time when inventory has dropped significantly. At the end of September, there were 1,500 active listings countywide, according to the Santa Fe Association of Realtors — a 41 percent drop from a year ago. Read More...

Consumers More Positive on the Economy

Consumers More Positive on the Economy