Marion Skubi, Author at Marion Skubi Las Campanas Santa Fe

Housing Market: Slowdown Caused by Employment Growth?

From RealTrends.com: Numerous reports, both anecdotal and factual, point to a slowdown in the market this fall. Whether it is higher rates, the government shutdown or the Red Sox/Cardinals in the series, showings and pending sales are not up year-over-year as much as in prior months.

Jumbo Jungle: New, Tighter Lending Rules Coming

From RealTrends.com: Some buyers shopping for a luxury home are hoping to close the deal before Jan. 10. That is when new rules are scheduled to take effect that will tighten lending standards.

Jumbo Jungle: New, Tighter Lending Rules Coming

From RealTrends.com: Some buyers shopping for a luxury home are hoping to close the deal before Jan. 10. That is when new rules are scheduled to take effect that will tighten lending standards.

Barclay’s Issues Housing Forecast

From RealTrends.com: Barclay’s forecasts U.S. housing prices to rise by 11.0 percent in 2013 and 7.0 percent in 2014, based on data through Q2 2013. Prices are up 7.6 percent and 7.2 percent this year through June, seasonally adjusted for the CoreLogic aggregate and distressed-excluded indices, respectively, according to Barclay’s Q3 Regional Housing Update.

Study Finds 8.3M Homeowners on Verge of Positive Equity

From RealTrends.com: Home prices have rebounded so rapidly that RealtyTrac is reporting 8.3 million borrowers who’ve been underwater are on track to have enough equity to sell their home within the next 15 months-without resorting to a short sale. Metro markets that boast the highest percentage of homes with resurfacing equity include Omaha, Nebraska; Colorado … Read more

August 2013

August 2013 Sales YTD Avg List Price Avg Sale Price 2012 Sales Value of the Month Las Campanas 19 889,457 800,000 39 Northwest County 61 699,304 660,330 63 Northeast City 134 652,827 612,644 116 Tesuque 14 869,735 798,814 27 Santa Fe City 722 409,083 390,057 631 Santa Fe County (includes city) 708 424,478 406,041 707 Go … Read more

Housing Market Recovery May Be Short-Lived

From RealTrends.com: Four years after the depths of the financial crisis — caused by a bursting housing bubble — the housing market looks like it is back on its feet. The National Association of Realtors® recently reported that the median home in the U.S. sold for 13.7% more than a year ago to $213,500. Sales … Read more

The Real Estate Mini-Bubble Will Be Economy’s Next Problem

From RealTrends.com: The housing and automobile industries are the main driving forces of the economy – in both directions. That makes sense since consumer spending accounts for 70% of the economy, and homes and cars are the biggest ticket items consumers spend money on. More importantly, unlike most purchases, it’s not just spending the money they made last week, but through loans and mortgages it’s spending in advance money they will earn for the next five to thirty years.

Morgan Stanley Predicts Buy-To-Rent Boom

From RealTrends.com: The buy-to-rent market is only a fraction of what it could be, according to a research report from Morgan Stanley. And, the investment bank sees four possible ways to get in on the action.

Higher Mortgage Rates Don’t Mean Higher Home Prices, Fannie Mae Says

From RealTrends.com: If history is any indication, the recent spike in mortgage rates is going to have little to no impact on home prices, according to a new report from Fannie Mae.