Marion Skubi August 2011 Sales YTD Avg List Price Avg Sale Price 2010 Sales Value of the Month Las Campanas 28 1,155,296 1,021,034 15 Northwest County 68 723,996 688,926 55 Northeast City 83 771,111 697,514 84 Tesuque 17 1,570,229 1,317,882 9 Santa Fe City 463 441,745 411,561 460 Santa Fe County (includes city) 787 496,256 459,323 778 Go … Read more
From RealTrends.com: We have heard from several sources that sales have leveled out in July and August – not improved just not dropping despite the reported annualized sales decline. This is of course good news. Any actual reports that show stability are welcome. At the risk of being considered a curmudgeon, this news should not … Read more
From RealTrends.com: The average price of a single-family home rose 3.6% in the second quarter after dropping 4.1% for the first three months of 2011, according to the Standard & Poor’s/Case-Shiller index. The closely watched home price index declined 5.9% for the three months ended June 30 from a year earlier, when the federal homebuyer tax … Read more
From RealTrends.com: While an August report from Capital Economics states that housing values overall are undervalued by 20 percent, Zillow reports that many metro price-to-income ratios are still above their historic averages. The current price-to-income ratio for the U.S. is 3.3 to 14 percent above the historical average, according to new research from Zillow. The … Read more
From RealTrends.com The delinquency rate on mortgages backing one-to-four family residential properties rose to 8.44% in the second quarter, up 12 basis points from the first quarter, but still 141 basis points below a year ago, the Mortgage Bankers Association said Monday. As delinquencies rose, the number of homes in foreclosure declined in the second … Read more
July 2011 Sales YTD Avg List Price Avg Sale Price 2010 Sales Value of the Month Las Campanas 28 1,155,296 1,021,034 15 Northwest County 68 723,996 688,926 55 Northeast City 83 771,111 697,514 84 Tesuque 17 1,570,229 1,317,882 9 Santa Fe City 463 441,745 411,561 460 Santa Fe County (includes city) 787 496,256 459,323 778 … Read more
Real estate prices in a few U.S. markets are back to levels not seen in a decade, according to data released by John Burns Real Estate Consulting on Friday. In a report titled, “Back to the Future: Median Home Prices Mirror Years Past,” the study’s author Gregory Tsujimoto says prices in Atlanta, Las Vegas, Phoenix … Read more
From RealTrends.com: The amount of time it would take for the housing market to move through properties lingering in the foreclosure system is finally improving. Standard & Poor’s analysts estimate it would take 47 months for the housing market to work through the shadow inventory, according to their second quarter research note. They revised that … Read more
From RealTrends.com: Standard & Poor’s lowered the ratings on Fannie Mae and Freddie Mac Monday after downgrading the U.S. government’s sovereign debt rating to double-A late last week. Analysts also lowered the ratings on 10 of the 12 Federal Home Loan Banks and on senior debt held by FHLB banks as well. The outlook on … Read more
From RealTrends.com: Mortgage rates fell sharply this past week, hitting record lows, as bond yields declined and signs of a weakening economy dampened consumer sentiment further, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage hit its lowest level of 2011, coming in at 4.39% compared to 4.55% last week and 4.49% … Read more
