From RealTrends.com: The nation’s shadow inventory – or supply of delinquent and distressed homes not yet on the market – fell 10.2% from year ago levels in July, real estate data firm CoreLogic said this week.
Marion Skubi
Refinance Activity Surges Following Dip in Mortgage Rates
From RealTrends.com: Mortgage applications saw increased activity in the last week of September, the Mortgage Bankers Association (MBA) reported.
Mortgage Rates Hold Steady Near Record Lows
From RealTrends.com: Fixed mortgage rates declined or remained the same throughout the Labor Day week, continuing to hover around all-time record lows amid mixed economic data.
August 2012
August 2012 Sales YTD Avg List Price Avg Sale Price 2011 Sales Value of the Month Las Campanas 39 992,213 923,065 33 Northwest County 73 688,901 653,031 72 Northeast City 116 676,026 631,084 93 Tesuque 27 821,737 759,031 17 Santa Fe City 631 397,581 373,701 524 Santa Fe County (includes city) 1045 439,127 412,988 889 Go … Read more
Housing Permits at 4-Year High, Builders Still Cautious
Housing permits — a future gauge for home building — reached its highest level since August 2008, rising 6.8 percent in July over the previous month, the U.S. Census Bureau reports. What’s more, building permits are up nearly 30 percent over year ago levels.
Is Housing Recovery Real? Not Everyone is Convinced: NPR
From RealTrends.com: Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.
July 2012
July 2012 Sales YTD Avg List Price Avg Sale Price 2011 Sales Value of the Month Las Campanas 33 1,032,297 960,592 28 Northwest County 63 685,448 649,177 68 Northeast City 94 677,628 625,592 83 Tesuque 23 761,604 704,188 17 Santa Fe City 536 392,834 368,597 463 Santa Fe County (includes city) 901 435,476 409,048 788 Go … Read more
Depressed US Birthrates Are Undermining the Housing Recovery
From RealTrends.com: Twenty-Somethings Postpone Having Babies
USA Today picked up on that theme in their article Americans put off having babies amid poor economy
Get Ready for Slowdown
From RealTrends.com: After ten months of high single digit to low double-digit growth in housing sales, the next six months will likely see a slowing in the year over year unit sales across the country.
July 2012 Newsletter
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