Published 27 August 2022 Media outlets of all shapes and sizes have been consistently reporting on the effects the current economy is having our nation’s real estate markets. An Aug. 24 CNBC headline read “Home prices fell for the first time in three years last month — and it was the biggest decline since 2011.”
Read MorePublished 20 August 2022 Not long ago, a Realtor I know had the opportunity to show a listing to a pair of prospective homebuyers who responded to an advertisement. At the conclusion of the showing, the broker inquired about the couple’s current housing situation and buying plans. The duo indicated that they were planning to
Read MorePublished 15 August 2022 Last week this column detailed a few of the indicators that reflect the changes taking place in our local real estate market. Included in the mix were statistics showing that some sellers are receiving a lower percentage of their asking prices, the inventory of homes for sale and number of days it
Read MorePublished 7 August 2022 To say that residential real estate is in a state of flux may very well be an understatement. In a press release issued July 20, the National Association of Realtors reported that existing-home sales “declined for the fifth straight month.” More specifically, sales dropped by 5.4 percent between May and June
Read MorePublished 30 July 2022 Among the provisions contained in the Fifth Amendment to the US constitution is one that states that no person shall “be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation”. The concept is called Eminent Domain. According
Read MorePublished 24 July 2022 The following is a true story. It was a beautiful day in Las Cruces. A first-time buyer was shopping for her new home. She had already met with two builders that week (let’s refer to them as builders A and B) and had just arrived at builder C’s model-home sales office.
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