Welcome to 2020
My first impression was to tag this year as the year we are all going to have perfect vision. Then I got to thinking maybe I should just hope that we keep our eyes open and woke to what is happening around us everyday. Not a day goes by that I don’t think we could […]
Continue readingWhat a decade it has been
Back in December 2009, if that is about the start of this decade, things were quite different in Santa Fe, NM residential real estate. Consider looking at any of the charts or spreadsheets I include in this blogsite, available by clicking on the item in the left margin. Lets look at the Absorption Rate – […]
Continue readingReal estate has (maybe) never been hotter
Remind me when the residential real estate market in Santa Fe NM has ever been as “hot” as it is today. Maybe my memory is failing, but we have never seen absorption rates this low (number of months to sell existing inventory) and I know of no other measure that is as accurate in describing […]
Continue readingSocialism and home ownership
That word in the title is thrown around quite a bit in political talk these days, more by those that use it derisively than those that prefer it. It seems mostly in use as a scare tactic, as in the GOP talking point that if you vote for a Democrat, you are choosing Socialism. But […]
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Pushing uphill
We cannot just roll along but must push uphill in order to get into a home or to help a purchaser buy. The lack of inventory is scary and sales would see even higher numbers if more product were available to buy. New highs were set again last month: most sales above $1 million in […]
Continue readingThe vibrant market gets hotter
Which month you choose to buy a home might make a sliver of difference in terms of what is available and how many other potential buyers you are competing with. But overall it does not seem to matter very much. Homes sell quickly 12 months a year in Santa Fe and there is no reason […]
Continue readingNew stats posted thru April 2019
Read and copy or print if you like; newly calculated statistics are now available on the site for Santa Fe residential real estate sales thru the end of April 2019. Sales continue to be strong and there is a small increase in inventory which should be absorbed fairly quickly. Even the $1 million plus price […]
Continue readingThe lies keep on coming
Just when you thought our Dear Leader might run out of ways to misrepresent the facts of any given topic, he comes up with new and unique ways to tell lies. And some of them just seem to be told so he can stay consistent in his lying. But when you hear some of them, […]
Continue readingSame song, different verse
Take a quick look at the most recently updated statistics on this blog site and tell me, honestly, if you think sales units would be down if there was a selection of homes for buyers looking under $500,000. Go ahead, I’ll wait. It is not pleasant to report that sales are down, but they are. […]
Continue readingHow can it be so thin?
Just how can the capital city of New Mexico, with somewhere above 75,000 residents plus a bunch of part timers, be so short of inventory in homes available for sale? What do buyers do when they want to buy a home in Santa Fe? First, they watch to learn how the market is behaving. They […]
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