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On Thursday, May 17, Realtors® from across the country are gathering on the steps of Capitol Hill to tell members of Congress that Home Ownership Matters to people, to communities, and to America. Debbie Rogers, President, REALTORS Association of New Mexico
Summer Caravan, June 4-8
(May 9) Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®. The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas1 (MSAs) based on closings in the first quarter from the same quarter in 2011, while 72 areas had price declines. In the fourth quarter of 2011 only 29 areas were showing gains from a year earlier. A new breakout of income requirements on a metro basis shows most buyers have the necessary income to buy a home in their area, assuming a favorable credit rating. Lawrence Yun, NAR chief economist, said there is some volatility in the price performance. “Home prices are more volatile than normal because of sudden upswings in buyer activity in some localities, and also are affected by the prevalence of distressed sales,” he said. “Home prices lag sales activity because the transactions were negotiated mostly in the previous quarter. Given the steadily dwindling supply of inventory and notably higher listing prices that are being negotiated today, prices are expected to show further improvements in the near future.” Read more...
This rally on Capitol Hill will show our elected officials that no one cares more about revitalizing the real estate market than REALTORS®. Click the image below for more information.
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SCRAR members are now able to use RPR...go to www.narrpr.com. Register and use!! Click here for the help desk if you would like training. - - -
Historical Statistics from the Silver City Regional MLS
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1930 Highway 180 East | Silver City, New Mexico | (575) 538-2665 | Copyright © 2012 SCRAR |
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