RISMEDIA, September 8, 2009—House prices in the U.S. continued to depreciate in the second quarter 2009 but at a much more moderate rate compared to the fourth quarter 2008, the peak of the collapse in home prices, according to a quarterly housing valuation analysis by IHS Global Insight. Prices fell at a 2.7% annualized rate in the second quarter 2009, compared to 2.1% in the first quarter and a 12.5% rate of decline in the fourth quarter 2008, according to the new House Prices in America, the quarterly U.S. housing valuation analysis from IHS Global Insight, one of the world’s leading companies for economic and financial analysis and forecasting. Nationally, house prices have fallen 11.0%, on average, below their peak in the spring of 2007; when weighted by market value, the nation is now 11.1% undervalued, and 12.6% undervalued when weighted by housing units.
News
Quarterly Home Prices Rise 1.7%
From RealTrends.com: Average prices paid for homes purchased in the second quarter with mortgages bought by Fannie Mae and Freddie Mac rose 1.7 percent from the previous quarter and for the first time in two years, prices rose in all nine regions Freddie Mac monitors.
Pending Home Sales on a Roll, Up for Sixth Straight Month
Mortgage Rates Fall to Lowest Level in Months
Mortgage rates fell to their lowest level in three months, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 5.12 percent with an average 0.7 point for the week ending August 20, 2009, down from last week when it averaged 5.29 percent. Last year at this time, the 30-year FRM averaged … Read more
Parade of Homes Resumes Thursday
Haciendas – A Parade of Homes is the largest Real Estate Event in Santa Fe, New Mexico. You’re invited to take a self-guided tour of new and remodeled homes in every price, ranging from the affordable to the luxurious. Don’t miss Santa Fe’s best open house. This year, over 28 homes will be on tour. Our listings at Silver Mesa in Las Campanas will be open during Parade this year. Come by and to view these splendid homes, and say “Hi”!
2009 Santa Fe Indian Market This Weekend!
Schedule of Events:
Please Note: Some of these events are Ticketed Events. For ticket information please contact SWAIA at (505) 983-5220
Indian Arts and Culture Week Press Preview and Ribbon Cutting Ceremony Hotel Santa Fe 1501 Paseo De Peralta, Santa Fe, NM 87501 (800) 825-9876 Tuesday, August 18, 9:00 AM – 10:00 AM
Breakfast with the Curators: Talk by Dr. Bruce Bernstein (Ticketed Event) Museum of Indian Arts and Culture 710 Camino Lejo off Old Santa Fe Trail (505) 476-1250 Wednesday, August 19, 8:30 AM – 10:00 AM $25 Per Person. $20 per MNNF Member…
Pending Home Sales up for Fifth Consecutive Month
Las Campanas Home Sales Up
While YTD sales in other areas are down compared to last year, Las Campanas sales are up. 27 homes have sold through July 31st, compared to 24 last year. See our July Market Report for more information.
This Week’s Las Campanas Member Events
Upcoming Las Campanas Member Events
Mixed Grill Celebrity Chef Night featuring Chef Andreas Kisler
Monday, August 10 – Night in Old Vienna
Tuesday, August 11 – Summer in Paris
Chef Andreas Kisler, executive chef of The Peabody Hotel in Memphis, was born in Vienna and brings a European’s sense of moderation to all his innovative dishes. He has built an award-winning career working at esteemed properties known for their culinary prowess, such as Chasen’s in Beverly Hills, Barnaby’s Hotel in Manhattan Beach, Beau Rivage, and La Loggia. Chef Andreas will be in our kitchen to delight your palate with specialties from his inspired repertoire. C’est Magnifique!
Call 505-995-3500 to make your dining room reservation for either night.