Marion Skubi, Author at Marion Skubi Las Campanas Santa Fe

February 2015

Febuary 2015 Sales YTD Avg List Price Avg Sale Price 2014 Sales Value of the Month Las Campanas 2 517,000 502,500 8 Northwest County 17 560,611 537,242 17 Northeast City 32 541,840 515,529 27 Tesuque 3 576,333 558,666 7 Santa Fe City 131 412,764 390,265 122 Santa Fe County (includes city) 213 415,096 396,309 240 … Read more

Home Staging

Home staging can influence buyers’ perceptions of a home and even motivate them to pay more, according to the National Association of Realtors®’ 2015 Profile of Home Staging, a survey of more than 2,300 Realtors® representing buyers and sellers. Eighty-one percent who represent buyers say that staged homes make it easier for their home buyers to … Read more

January 2015

January 2014 Sales YTD Avg List Price Avg Sale Price 2014 Sales Value of the Month Las Campanas 0 0 0 5 Northwest County 1 464,093 464,093 5 Northeast City 0 0 0 6 Tesuque 0 0 0 0 Santa Fe City 3 954,463 866,130 50 Santa Fe County (includes city) 4 831,870 765,620 115 … Read more

Builders Remain Confident in the 55+ Housing Market

From Eyeonhousing.org: BY PAUL EMRATH NAHB’s 55+ Housing Market Index (HMI) shows that builders continue to feel positive about the market. The sentiment indices were higher year-over-year for all segments of the 55+market—single-family homes, condominiums and multifamily rental. The single-family index increased six points from the fourth quarter of 2013, to 54—the highest fourth-quarter reading since the inception of the index in 2008 and the 13th consecutive quarter of year over year improvements.

FHA: Time to Stop Overcharging Today’s Borrowers for Yesterday’s Mistakes

From RealTrends.com: The federal government’s home mortgage insurance program is finally back in the black, having improved materially over the past year, yet its insurance premiums remain at record-high levels. Our analysis indicates that that Federal Housing Administration (FHA) can significantly lower its premiums—charging current borrowers more appropriately for their risks—while continuing to build the necessary reserves against future losses. Today’s high premiums penalize current borrowers for the pricing and performance of the earlier vintages and the deficit in the reverse mortgage program—the two main causes of the fund’s continuing inability to meet its 2 percent congressionally mandated reserve ratio.

December 2014

December 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 62 1,093,796 1,040,656 40 Northwest County 124 734,609 696,408 101 Northeast City 218 678,636 644,193 206 Tesuque 34 685,691 658,767 28 Santa Fe City 1788 451,633 430,613 1715 Santa Fe County (includes city) 1859 445,687 424,934 1795 … Read more

Obama to Reduce Mortgage Insurance Premiums

From RealTrends.com: The Obama Administration is directing, via executive action, the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%, according to HousingWire.com.

Why You Should Be Excited About 2015

From RealTrends.com: “Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.” Helen Keller

November 2014

November 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 60 1,092,590 1,041,736 34 Northwest County 115 731,478 692,220 91 Northeast City 196 683,191 648,552 194 Tesuque 30 718,453 688,913 25 Santa Fe City 863 444,538 422,500 930 Santa Fe County (includes city) 1691 446,515 426,183 1624 … Read more

Early Signs of Price Bubbles?

From RealTrends.comRealtyTrac® (www.realtytrac.com), released a report identifying county-level housing markets with early warning signs of a possible home price bubble — where prices overinflate and eventually decline. The report also identified markets with little risk for a home price bubble.