Published 9 September 2024 It’s no secret that the Las Cruces real estate market is losing steam. The number in the headline is just one of many indicators that together paint a picture of just how much steam our market is losing. The data that follow were gleaned from the archives of the Las Cruces
Read MorePublished 2 September 2024 Aug. 17 was a landmark day for the 1.5 million-plus real estate agents who are members of the National Association of Realtors (NAR) and its state and local affiliates. That day marked the most sweeping change in the way agents do business since NAR’s formation 116 years ago. There are 54
Read MorePublished 26 August 2024 Picture this: You move into your newly purchased home and within the first year the garbage disposal quit working, one of the toilet tanks sprung a leak, the water heater stopped heating, and the air conditioner conked out. Encountering unexpected repairs after closing is never an exciting proposition unless, of course,
Read MorePublished 19 August 2024 The Federal National Mortgage Association (Fannie Mae) announced last week that mortgage refinance activity jumped by 32.8 percent week over week and 94.5 percent year over year. Is that an indication that now is the time for homebuyers who purchased when rates were higher should refinance their loans? According to Mark
Read MorePublished 12 August 2024 The Federal Home Loan Mortgage Corporation (Freddie Mac) announced on August 8 that the interest rate on the popular 30-year fixed-rate mortgage dropped to 6.47 percent from 6.73 percent a week earlier. At the same time, the 15-year rate dropped to 5.63 percent. While the lower rates will make it easier
Read MorePublished 5 August 2024 When Las Cruces renters Steve & Mari decided to purchase a home, their first hurdle was to research their financing options. What size down payment will they need? Will there be closing costs? How much income will they need to qualify? And the big question: which lenders offer the lowest combination
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