The “Shadow Inventory” of Foreclosed homes is rising.  This inventory is made up of homes already repossessed by lenders buy not yet on the market for resale.  There is great debate in the real estate community about the effect this shadow inventory will have on existing resale home prices and neighborhood values over the next couple of years.  Inman News published this article recently and addresses the issue at hand. Article from Inman News below: Source: CoreLogic The "shadow inventory" of homes...continue reading...

Here's a great article from the National Association of Realtors that was posted on their site today that we wanted to bring to you in the Santa Fe Valley.  September's stats are looking up and there is light at the end of the tunnel. Article reposted with permission from NAR. September Existing-Home Sales Show Another Strong Gain WASHINGTON (October 25, 2010) – Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of...continue reading...

Another property just sold in Brookside...do you know how that affects the price of YOUR house? If you're going to sell your house in the next six to twelve months, what you do right now to prepare for the sale could make a difference of thousands of dollars.   The first thing you'll need to know is how much your house is worth compared to other homes in today's marketplace. It's easy to find out... Now you can get a FREE Market...continue reading...

To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.  The market seems to have paused around the price plateau we reached a few weeks ago.  The Market Action Index is a good leading indicator for the durability of this trend. QUARTILE PRICES Pricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market is...continue reading...