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Average Sales 2002-2014 (YTD), Units Sold and Price per Square Foot

2014 continues the stabilization trend we saw in 2013 for  home sales and mid-range prices. The charts below show the number of units sold by price range and the average sales price per square foot by price
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Area 24 – Las Campanas Sales Stats as of October 31, 2014

Area 24 - Las Campanas - Located in Santa Fe County northwest of the city of Santa Fe. Sales in Las Campanas have risen dramatically. There are currently 80 single family homes listed for sale in the subdivision. The average sales price is $268 per square
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April Existing – Home Sales Show Modest Improvement Behind Gaining Inventory

WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in
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I’m sending a special alert! Interest rates at their all-time low this year!

I'm sending a special alert.  The stock market has dropped on concerns about China's economy and the situation in Ukraine, resulting in interest rates at their all-time low this year! Take advantage for refis and purchases with the following - these Annual Percentage Rates (APRs) are good
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Santa Fe 2013 Stats

The Santa Fe Residential Market: Climbing slowly back to prosperity

The hikes and falls and spasms that describe various moments in the real-estate industry during the last five years make market analyses and predictions in “the old days” seem like child’s play. It’s no wonder that experienced professionals like Cate Adams (in the Santa Fe office of
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January Housing Starts

January Housing Starts

    In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the latest housing starts data. New home construction fell notably in January,
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Homebuyers Gaining Bargaining Power as Inventory Increases

Home values saw their smallest monthly increase since May 2012, up just 0.2 percent in January from December according to the latest Zillow Real Estate Market Reports. Year-over-year, U.S. home values rose 6.3 percent in January, down from peak gains of 7.1 percent in August 2013. This slowdown
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January Housing on the Up

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators.
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Elusive Private Mortgage Capital

For several years, we have heard policymakers lament that there is too much government involvement in the mortgage market and about the need to bring “private capital” back. While it is true that there is some government involvement in roughly 90 percent of mortgage transactions, nearly all of
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Rates on New Home Loans Join Downward Trend

On Christmas Eve, the Federal Housing Finance Agency (FHFA) reported a 10 basis point decline in mortgage interest rates for the month of November. Data from FHFA’s Monthly Interest Rate Survey (MIRS) cover conventional single-family mortgages and distinguish whether the loans are for the
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