Santa Fe’s August 2015 compared to August 2016 shows many positive indicators that our market is showing improvement in each price range. August was a great month and we hope to see the positive trend continue to finish the year strong and carry into 2017.
Before you start house hunting, take a few moments to make a wish list with your family members. Make sure to include all of the features you want – and don’t want – in your next home. Make sure to reference those items that are a “Have to Have” or a “Like to Have” to…
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Inventory in Santa Fe was up in July compared to June and number of homes decreased, as well. Different factors affect our real estate market in various ways, and we often see inconsistency during election years. It is still a great time to sell or buy – as long as you are priced right and…
DetailsWhat’s a FICO Score and what role does it play in my home purchase? Your FICO credit score can make or break your chance for qualifying for a home loan. Lenders use the FICO score to help term the terms, type and amount of your mortgage loan. But just what is a FICO score? It’s…
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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…
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