What Will It Take For Home Prices To Drop?
You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and here’s why. There are more people who want to buy a home than there […]
What’s Motivating Homeowers To Move After The Election
Over the past few years, some homeowners have decided to delay their move because they don’t want to sell and take on a higher mortgage rate on their next home. Maybe you’re thinking the same thing. And honestly, that’s no surprise. It’s a very common roadblock and is one of the biggest factors that’s kept the number of homes […]
Now Home Values Rise As Median Prices Fall
Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a home seller or home buyer, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story. Nationally, home values are […]
FAQ: How Our Economy Impacts Your Mortgage Rate
How Our Economy Impacts Your Mortgage Interest Rate As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what the heck is ahead! First this is critical to understand. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to […]
Is Now The Time To Move Up?
If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman real estate news recent survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below): But there’s also a good chance you, like many other people, […]
Two Housing Trends Two Watch…Now!
Two Housing Trends to Watch 👀Now! Two key housing trends have emerged this week: As Mike Fratantoni, Chief Economist of the Mortgage Bankers Association, said, “The news for the week was that more homebuyers appear to be entering the market. Inventories of both new and existing homes have been increasing over the course of 2024, […]
What’s Happening With Home Prices?
If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not […]
FAQ: Home Prices and Presidential Elections
Historically, the housing market has reacted, if only temporarily, to election year tensions during the month of November, with changes to home sales, prices, and mortgage rates.
Should You Sell or Rent Out Your Home?
Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth? Should you sell or rent out Your home? It’s a question many homeowners face, and the answer […]
Santa Fe NM: 2nd QTR Housing Market Stats
On July 12, 2024, the Santa Fe Association of Realtors reported this news about our local Santa Fe housing market trends for the 2nd Quarter of 2024. Today our Santa Fe real estate market data continues to be unprecedented following the pandemic boom and nearly a 40% in home prices, our changing age demographics, the lack […]
Strategies To Cut Rising Santa Fe Insurance Costs
Now, more than ever, having the right home insurance is essential, especially if you are selling or buying a Santa Fe home. But with rates on the rise, how do you ensure you’re getting the best coverage without breaking the bank? Let’s explore the ins and outs of home insurance and uncover some strategies to […]
Downsizing Can Make Retirement Life Easier
Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about downsizing or whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement […]
Mistakes Santa Fe Home Buyers Make
Buyers face challenges in any housing market – and 2024 is no different, even in our city different, Santa Fe market. Why? Santa Fe is a destination market. New Mexico’s Land of Enchantment has global appeal with our culture, architecture, climate and landscape. Now, with higher mortgage rates and rising prices, coupled with our still […]
Mortgage Interest Rates Begin To Drop
Freddie Mac (OTCQB: FMCC) (June 13, 2024) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95 percent. “Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” said Sam Khater, Freddie Mac’s Chief […]
What to Expect In The Summer Housing Market
June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready. What If You’re Buying This Summer A lot […]
941 Calle Mejia #1306 – Location! Pool! Privacy!
Your Affordable Home Maintenance-Free Lifestyle in Santa Fe, New Mexico | New on Market | $250,000. LOCATION! PRIVACY! POOL! Imagine…an in-town Northside Santa Fe condo with a YEAR-ROUND HEATED POOL minutes away from the Historic Plaza, De Vargas Mall (Two-Starbucks) with one-traffic light access to the Santa Fe Opera, Thornburg, Los Alamos National Lab (LANL), […]
All Santa Fe NM Condos For Sale Today
View ALL Santa Fe NM condos and luxury condominiums for sale. Get real time updates, photos and details with this one click Search. Learn about Santa Fe NM market trends and condo living. Santa Fe, NM condo homes can be a more affordable starter home for first time home buyers as well as a second […]
Home Prices Are Climbing in These Top Cities
Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what’s going on with home prices these days. Here’s the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below): As you can see, home prices were rising for most of 2023. But […]
1767 Ridge Pointe Loop – VIEWS! Privacy! Studio!
1767 Ridge Pointe Loop, Santa Fe NM – your next Age In Place home near Plaza with Views, Privacy, Luxury and more…
Santa Fe NM Stats: lst Qtr 2024
On April 4, 2024, the Santa Fe Association of Realtors reported this news about our local Santa Fe housing market. Today our Santa Fe real estate market data is unprecedented following the pandemic boom and nearly a 40% in home prices, our changing demographics, the lack of affordable housing for our local workforce, surging consumer […]
Should I Wait for Mortgage Rates To Come Down Before I Move?
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll […]
Today More Single Women Are Home Buyers
In today’s housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men. If you’re a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so […]
Santa Fe NM Buyer News: More Inventory!
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change. The graph below uses the latest Realtor.com data to show there are more homes on the market in 2024 than there have been in any of the past […]
Santa Fe NM Stats: 4th Qtr 2023
(Santa Fe, NM – January 3, 2024) City of Santa Fe median home prices fell by 8.3% from $599,750 in the 4th Quarter of 2022 to $550,000 this 4th quarter in 2023. City home sales decreased by 21.8% with 147 units sold this 4th Quarter compared to 188 in the 4th Quarter of 2022. During this […]
Why Today’s Seller’s Market Is Good for Your Bottom Line
Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know about a seller’s market. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy. So, what does that mean […]
3 Must-Do’s When Selling Your House in 2024
If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices […]
Don’t Wait Until Spring To Sell Your House
As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Spring ahead. Here’s why. 1. Take Advantage of Lower Mortgage Rates Last October, […]
The Latest 2024 Housing Market Forecast
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about about the housing market forecast. Spoiler alert: the projections may […]
Overcome Your Fears About Today’s Housing Market
You don’t need to be scared when buying or selling a home in today’s housing market. Let’s connect today to make the market less scary for you. Learn more about the Real Estate Market with Emily Medvec and find out what properties are on the market today in Santa Fe.
Five Unbeatable Reasons Investors Should See 138 Fiesta St In Santa Fe NM
Real estate investment is all about location, potential, and, most importantly, return on investment (ROI). This downtown property located near the Historic Plaza offers a compelling case for why investors should seriously consider adding it to their portfolios. Here are five reasons you can’t afford to overlook this golden opportunity. More Images For 138 Fiesta […]
Growing Your Net Worth with Homeownership
Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits. One of […]
Are Grandparents Moving To Be Closer to Their Grandkids?
During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school. Now that the pandemic has passed, many grandparents want […]
Should I Sell My Santa Fe NM Home Now?
Should I sell my Santa Fe New Mexico home in 2023.
Gen Z: The Next Generation Is Making Moves in the Housing Market
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes. That is according to the latest Home Buyers and Sellers Generational Trends Report from the National Association of […]
12 Alamo Creek Dr: Santa Fe Luxury & Views!
OPEN HOUSE – SUNDAY NOV 5th from 12:15 – 1:45 pm | NEW PRICE OVER $200k OFF!!! $1,595,000 WELCOME to Casa Verde, a unique Santa Fe Style custom double adobe home with 14ft ceilings, recently flawlessly reimagined into a paradigm of luxury, offering sweeping, unhindered vistas of the serene mountains, punctuated by the awe-inspiring spectacle […]
Land of Opportunity: 19 Del Charro Rd
Why delay your Santa Fe future? Think about it. Are you tired of Santa Fe’s low home inventory? Ditto for competitive offers? Are you disappointed when the price is right but the home needs MORE work than your taste and style? Then it’s time to seriously consider building your dream home. Why at 19 Del […]
FAQ: What is “talking” Santa Fe?
What is “talking” Santa Fe? Here is a short list to get you fluent in our local lingo called talking Santa Fe. Some are words like Zozobra which describe an annual September event. Others like canale are ones you frequently ask me about when we talk about our flat roofs or when I am helping you relocate to Santa Fe to make your lifestyle change. […]
New Listing: Rancho Viejo Hidden Gem
Step into unparalleled value in the heart of Windmill Ridge. This fine home with Rancho Viejo charm, nestles on a premium view lot at the end of a quiet cul-de-sac. As you arrive the sweeping vistas of Jemez, Sangre de Cristo and Sandia Mountains will welcome you. Every corner of this abode radiates with natural […]
Four Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your home equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner has more […]
FAQ: Inflation and Your Mortgage Interest
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12 […]
Don’t Fall for the Next Shocking Headlines About Home Prices
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news by comparing current stats to the last few […]
The Main Reason Mortgage Rates Are So High
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Here’s context you need to help answer those questions. 1. […]
Think Twice Before Waiting for Lower Home Prices
Think Twice Before Waiting for Lower Home Prices As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social […]
Why Buying a Home Is a Sound Decision
Are you wondering if you should sell your Santa Fe home and take advantage of this Seller market?
Reasons To Sell Your Santa Fe House in 2023!
Are you wondering if you should sell your Santa Fe home and take advantage of this Seller market?
Santa Fe Real Estate Is Like Playing Monopoly
As we roll into 2023, Santa Fe Real Estate is Like Playing Monopoly. Take a look here and think differently about your Seller or Buyer options.
Home Equity: A Source of Strength for Homeowners Today
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically […]
The Majority of Americans Still View Homeownership as the American Dream
Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership. The Financial Benefits […]
Real Estate Voted the Best Investment Eight Years in a Row
In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this […]
More People Are Planning To Buy a Home Soon
While some homeowners may be tempted to hold off until spring to list their houses, you should know – homebuyers aren’t waiting. Demand is high today as more people are trying to beat rising mortgage rates. As a result, eager buyers are entering the market or moving their plans up so they can make their purchases as […]
The Perks of Owning More Than One Home
Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well […]
What’s Ahead for Mortgage Rates and Home Prices?
You may be wondering what’s going to happen in the housing market and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s […]
Are You Ready To Fall in Love with Homeownership?
Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes. When you own your home, you likely feel a sense of emotional attachment because of the comfort it provides, but also because it’s a […]