Marion Skubi From RealTrends.com: Home sales are improving without a major uptick in mortgage applications, but prices could slow in the second half as the economy battles other negative indicators, Capital Economics said Thursday.
June 2012 Sales YTD Avg List Price Avg Sale Price 2011 Sales Value of the Month Las Campanas 26 1,032,031 958,961 27 Northwest County 53 662,574 626,840 58 Northeast City 75 695,787 637,510 72 Tesuque 20 782,895 722,225 14 Santa Fe City 454 400,577 374,406 389 Santa Fe County (includes city) 756 435,924 408,614 672 Go … Read more
From RealTrends.com: Housing starts fell in May from a 3-1/2 year high, although permits to build new homes rose sharply, suggesting a nascent housing recovery remains on track.
From RealTrends.com: In market after market we read and hear that the supply of homes for sale continues to shrink and is now approaching a critical level, given the passionate level of buyer interest. The most common question we hear is “where is the shadow inventory” we have all been reading about? With inventory this … Read more
From RealTrends.com: A new study commissioned by Integra Realty Resources (IRR), the nation’s largest independent real estate valuation firm, has found that even in the face of a burst real estate market that saw average home values slide 54.2 percent over the past seven years, three out of four Americans still aspire to own a … Read more
May 2012 Sales YTD Avg List Price Avg Sale Price 2011 Sales Value of the Month Las Campanas 18 977,272 895,358 24 Northwest County 42 672,345 636,607 49 Northeast City 63 691,875 634,107 56 Tesuque 17 702,053 650,853 7 Santa Fe City 364 400,545 373,790 284 Santa Fe County (includes city) 598 428,594 401,135 536 Go … Read more
From RealTrends.com: Home prices nationwide increased a slight 1.1% over last year in April, making it the second year-over-year increase in 2012, real estate research firm CoreLogic said. Compared to March, home prices, including distressed sales, increased by 2.2% in April. Excluding distressed sales, April prices grew 2.6% from March and 1.9% from last year, … Read more
From RealTrends.com: The news from many markets is that sales are up measurably in most markets while inventory available in these same markets is shrinking. While that doesn’t jibe with NAR’s recent report of more months of inventory, from all points of the compass in the U.S we are hearing the same refrain.
From RealTrends.com: Buying a home has reached its most affordable level in more than two decades.
From CNN.com: NEW YORK (CNNMoney) — Ten hard-hit housing markets will record double-digit price increases through 2013, according to a report Wednesday.
And with mortgage rates low, many house hunters have already started to pounce on bargains, said David Stiff, chief economist at Fiserv, a financial analytics company that prepared the forecast.
