We are halfway through 2016, and our market is performing as predicted. Inventory overall has increased slightly in the 2nd Quarter, though pending sales are down for the Quarter and Year to Date, as well. Closed sales are down, also, by 2.1%, though our Days on the Market are down from 165 days to 138,…
DetailsHere are some questions you may (or may not) have wondered about Coldwell Banker What year was Coldwell Banker started? 1906 What city was Coldwell Banker started in? San Francisco How many offices does Coldwell Banker have? 3,000 How many international Sales Associates does Coldwell Banker have? 86,000 What was Coldwell’s first name? Colbert What…
DetailsAs with any purchase you make, you want the best value possible. Value is a combination of professional advice, service and price. With a mortgage, the price is a combination of interest rate and points. The interest rate is the amount charged by a lender to a borrower for the use of assets. Points, or…
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Santa Fe home sales and prices continue to gradually climb as we recover at a moderate pace. The upper portion of the market is still slow in seeing movement and appreciation – it is clear by the median price range in Santa Fe that is where our sales and are happening. Inventory is still quite…
DetailsFHA, VA, and USDA mortgage loans are government loans, because they are backed by the United States government. All other mortgages are conventional loans. FHA loans are administered by the Federal Housing Administration (FHA), part of the U.S. Dept of Housing and Urban Development (HUD). FHA administers mortgage loan programs with lower down payment requirements…
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Santa Fe is showing consistent sales and consistent demand in 2016. We are on par with 2015 numbers and this summer will tell largely whether Santa Fe will see appreciation with how quickly the inventory moves and how many homes list. Average days on the market is showing motivation, despite the TILA/TRID requirements. It is…
DetailsTitle is the evidence that you own your home. How you “hold title” refers to the various forms of ownership, each with different rights and obligations. Here are brief descriptions of the customary ways to hold title. Sole Ownership: You alone own all interest in the home. If you’re married, your spouse is usually asked…
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The 2016 1ST Quarter remained steady in closed homes compared to 1st Quarter of 2015 – even in number of sales from last year, and up in median sales price and volume. Inventory is still down and we expect the remainder of 2016 to remain a great time to sell or buy in Santa Fe!
Mortgage lenders use a credit score (frequently referred to as a FICO score) along with other factors such as your debt to income ratio, employment and credit history to determine your credit worthiness. There are things that you can do to improve your credit score, as well and some things you should not do to…
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February is setting the stage for the Spring sales season. The number of sales were up as well as the average Sold price. With inventory down considerably from this same time last year, I really see competition heating up for quality properties. SANTA FE COUNTY MARKET SNAPSHOT FEBRUARY 2015 FEBRUARY 2016 SALES 116 122 AVG…
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