Will Shuster’s Zozobra burns this year, September 9, 2010. Ft. Marcy Park, Santa Fe, NM. This fundraiser for needy kids in Santa Fe, run by the Kiwanis Club of Santa Fe. All rights reserved, copyright & trademark apply.

Zozobra Website

• Prohibit payments to the loan originator that are based on the loan’s interest rate or other terms (e.g. rebate). Compensation that is based on a fixed percentage of the loan amount is permitted.(e.g. origination points)
• Prohibit a mortgage broker or loan officer from receiving payments directly from a consumer while also receiving compensation from the creditor or another person. (e.g. a little rebate and a little points)
• Prohibit a mortgage broker or loan officer from “steering” a consumer to a lender offering less favorable terms in order to increase the broker’s or loan officer’s compensation.

Listen to your mentors, Santa Fe Buyers. Now is your time to act because of:  – moderate pricing – historic low interest rates – seller flexibility – excellent inventory.

How long will these prime Santa Fe real estate conditions last?

Jim Gay, of Superior Mortgage Services notes that when rates are this low, 30yr at 4.625%,  there is definitely only one direction for them to travel and that is up.

Jim also points out other factors that will force mortgage rates up:  foreign buyers of US Treasuries demand higher yields. Federal Reserve becomes concerned about inflation. When business and individuals understand the affects of new congressional legislation and taxes affect upon us all.

Also keep in mind, the government now charges new closing fees to cover new liabilities with: Fannie Mae, Freddie Mac, and the foreclosure environment around the United States. Further, there are new stringent financing rules requiring larger down-payments and lower debt rations. Perversely, this lowers Buyer’s purchasing power! What the hell is our government thinking???

Santa Fe Real Estate Buyers must never forget that Santa Fe is a bubble market within the US real estate market. Santa Fe market trends indicate market growth and stabilized pricing. According to Santa Fe Association of Realtors, total gross sales in Santa Fe city and Santa Fe County increased 40% in 2nd Quarter 2010 versus 2nd Quarter 2009.

Take advantage now to put your financial world in a stronger position. If you are considering a home purchase, do not wait another month or else you might suffer some financial splinters from fence sitting too long.

The answer to your secret lies on Cordova Road, in a white adobe building. There stands Maria’s, home to 111 types of Margaritas.  Choose from Blanco tequila, Reposado tequila, Anejo tequila. You can even try a tequila sampler to learn the finer points of Tequila.

Maria’s makes superior margaritas, because they use no mix, sugar, additives. Maria’s uses only REAL tequila, REAL triple-sec, REAL fresh squeezed lemon juice and ice made with filtered water.

After a fine dinner of Northern New Mexico food with green and red chile, make sure you purchase a copy of The Great Margarita Book. Robert Redford wrote the introduction, so you will be in good company as you make and enjoy your margarita masterpieces at home.

STARTS FRIDAY, SATURDAY, SUNDAY: AUGUST 13-15 and 20-22, 2010 from 11am-6pm

Twilight Tour: August 19, 2010 at 4pm-9pm.

Come out and enjoy the Santa Fe sunset at selected homes that will be showcasing exterior lighting and evening ambiance.

Tickets are $15.00 and are available at the Lensic box Office 505.988.1234 and will also be available at most Sponsor locations and all Parade homes.

Visit Products & Services; this section is packed with everything and everyone you will want to know to complete your building and remodeling project. And don’t forget to visit our Sponsors.

Be sure to look for the companion magazine coming out every April, Haciendas-Home / Design / Remodel. This issue features the Excellence in Remodelors awards and is focused on remodelers, remodel projects and products and services in our area. For more information on how to order your own personal copy of these resource guides please visit the SFAHBA website.

New kitchen with awesome gas range and granite counter tops. Wonderful saltillo tile throughout the home.

Split floor plan, fenced back yard, landscaped.

1 Fortuna Rd, Santa Fe, NM 87508,  MLS 201003715

Bedrooms: 4, Bathrooms: 2 Full, Square Footage: 2200 ft²

Lot Size: 1.960 Acres, Area: Eldorado Subdivision

$429,000

Housing Markets That Will Be Strongest by 2014

Quail Run epitomizes gracious Southwestern living. Quail Run has achieved that delicate balance between Old World charm and contemporary amenities. Quail Run lives up to the traditions of Santa Fe art, architecture, beauty, serenity, outstanding cuisine and an unending visual feast. For once, this breathtaking splendor is not at the expense of convenience and comfort.

3101 Old Pecos Trail, Santa Fe, NM 87505

Listing Number: 201002090

Bedrooms: 3, Bathrooms: 3 Full, 1 Half, Square Footage: 3294 ft²

Area: SF City SE South, Property Type: Condo, $1,250,000

Listing Number: 201000776

Bedrooms: 3, Bathrooms: 3 Full, Square Footage: 2094 ft²

Area: SF City SE South, Property Type: Condo, $750,000

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Santa Fe Hotels also rank well in the poll. Rosewood Inn of the Anasazi is ranked fourth on the list of top 10 small city hotels.

For home buyers this means our small Santa Fe home inventories will shrink sooner rather than later, then prices rise. This is especially true in Santa Fe, since there are very few new homes now under construction as commercial credit has become increasingly difficult to obtain.

For sellers these statistics indicate many of the homes that sold were below median values. Good news that there are now more sold comps, or this would have forced appraised values even lower. If you sell in today’s Santa Fe marketplace, you have to: price very competitive, keep the home in excellent condition, and offer buyer benefits.

Condo sales remain very flat. Many opportunities for investors, but most Santa Fe homes are better long term investments.

Land sales remain extremely flat and prices continue to fall lower. There are some great deals along the Las Campanas golf course and everywhere else.

See my latest video on the Santa Fe Real Estate Market.

MLS Statistics
2nd Quarter 2010
Santa Fe Association of Realtors