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Oct 09, 2022 Las Cruces median home price nosedives in SeptemberPublished 9 October 2022 The median sales price of the 171 Las Cruces-area single-family homes sold in September fell below August’s median price by 6.3 percent, according to an Oct. 6 report from the Las Cruces Association of Realtors. The median is where half sold for more and half sold for less. September’s median price
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Oct 01, 2022 Seven ways to counter rising mortgage rates
Published 1 October 2022 Mortgage interest rates are rising more quickly than expected. Lawrence Yun, chief economist for the National Association of Realtors, forecast in January that the 30-year fixed-rate mortgage would hit 3.7 percent by the end of the year. Man-o-man, did he miss the mark. As of Sept. 30, with three months to
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Published 24 September 2022 While buyers are still willing to pay full price, or more, for properties that are clean, fresh and ready to go, a large percentage of buyers shy away from homes that require clean-up or repairs after the purchase. The key to moving a home from the less-than-desirable to the desirable category
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Published 17 September 2022 There’s an interesting phenomenon taking place in Las Cruces-area real estate. While one portion of the market continues to favor sellers, another is more advantageous to buyers. The phenomenon is not new. It routinely occurs when economic factors impacting the supply and demand model begin to provide buyers with an advantage
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Published 10 September 2022 There’s no denying that the supply and demand pendulum is swinging in the direction of Las Cruces-area homebuyers. While sellers whose homes are “the best for the money” continue to benefit from a high level of demand, sellers on the other end of the spectrum are finding that it is now
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Sep 03, 2022 Las Cruces home inventory balloons by 240 percent
Published 3 September 2022 According to an Aug. 28 report from the Las Cruces Association of Realtors, the inventory of new and existing Las Cruces-area homes, townhomes and condominiums grew by 240 percent between mid-March and the end of August. The inventory, which stood at 133 units on March 19, grew to 320 units over
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