Marion Skubi, Author at Marion Skubi Las Campanas Santa Fe

Pending Home Sales Rise 2.4% in June

From RealTrends.com: Pending home sales remain volatile, rising again in June after an 8.2% increase the prior month and a substantial decline in April, according to the National Association of Realtors. The large trade association, which has more than 1.2 million members, said its pending home sales index, which is based on contracts signed, increased … Read more

Fannie Mae Sees Light at the End of Housing Tunnel

From Real Trends.com: Home sales in the second quarter of 2011 were bad, according to Fannie Mae. Home prices also remain volatile, moving with gains and loses, over the past two years.

Home Prices Rise 0.8% in May: FNC

From RealTrends.com: U.S. home prices continued to show upward trends in May, extending April gains for two consecutive months of positive price momentum, according to FNC Inc. Despite record foreclosure activity and rising unemployment rates in recent months, the single-family housing market continues to show signs of price stabilization in line with rising activities in … Read more

Home Prices, Inventory Levels Trend Up: Altos Research

From RealTrends.com: Home prices and inventory levels are trending upward in many U.S. cities tracked by Altos Research, according to the firm’s latest Housing Market Update. The median national home price for all 26 markets covered by Altos hit $450,358 in June, up from $444,273 in May. Meanwhile, in the past three months, listing prices … Read more

June 2011

June 2011 Sales YTD Avg List Price Avg Sale Price 2010 Sales Value of the Month Las Campanas 27 1,155,296 1,031,257 12 Northwest County 58 735,588 697,751 50 Northeast City 71 766,427 687,441 68 Tesuque 14 1,743,850 1,458,143 8 Santa Fe City 386 434,654 403,333 388 Santa Fe County (includes city) 667 500,601 461,577 671 Go … Read more

Pending Home Sales Turn Around in May

From RealTrends.com: Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.

NAR: May Home Prices Drop as Sellers Fear a Double Dip

The median home sale price in May dipped 1.6% compared to April, down to $188,900, according to one real estate listing website. According to the official website for the National Association of Realtors, May’s median price was about 2.1% below a year earlier when government tax incentives were still driving consumer demand. The drop in … Read more

Fixed-Rate Mortgages Fall to 6-Month Lows

From RealTrends.com: Lenders in the LendingTree Network saw rates on 30- and 15-year, fixed-rate mortgages plunge to a six-month low this past week, LendingTree said in a report Wednesday. The network of mortgage lenders said the average 30-year, FRM at LendingTree branches fell to 4.71%, while the 15-year FRM hit 3.99% for the week ending … Read more

May 2011

May 2011 Sales YTD Avg List Price Avg Sale Price 2010 Sales Value of the Month Las Campanas 24 1,171,804 1,032,856 10 Northwest County 49 724,473 684,858 37 Northeast City 55 766,024 698,405 55 Tesuque 7 2,592,000 2,060,286 5 Santa Fe City 310 430,736 401,411 311 Santa Fe County (includes city) 533 500,218 460,713 534 … Read more

Double Dip?

Last week’s news of a double dip in housing prices spread like wild fire around the Internet, leaving many in the real estate industry discouraged, disgruntled and even a little dismissive.

After all, according to the Case-Shiller Index: “The average price of a single-family home reached a new low in the first quarter and is now at 2002 levels, according to the Standard & Poor’s/Case-Shiller index. The downturn is the most acute since prices began falling several years ago. The index fell 4.2% in the first three months of 2011 after declining 3.6% in the fourth quarter. Analysts said the first-quarter index decreased 5.1% from a year earlier.”