Here are the Real Estate Statistics in Santa Fe city and county for the 3rd quarter of 2017. As you can see, city stats for single family homes and land are way up. The market is hot, and it is a great time to sell. If you have questions about …
Read More »Homebuyers Rush to Riskier Mortgages as Home Prices Heat Up
The number of adjustable-rate mortgage originations jumped just over 40 percent from the first quarter of this year to the second. Mortgage rates are still very low, historically speaking, but they have been inching up. Buyers this year are struggling with affordability and opting for a lower-rate product. Home prices are heating …
Read More »Housing demand strengthens through summer, but here’s why some buyers are giving up
While buyers in June were still requesting tours at the same rate as May, 11 percent fewer were putting pen to paper on an offer. Mortgage applications to purchase a home have fallen for three out of the past four weeks. While mortgage rates have remained low, the expectation is …
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