Dear Members:
The Las Campanas Board of Directors and Management are committed to the ongoing success of the Las Campanas Equestrian Center which we see as a vital part of the world class amenities offered at The Club at Las Campanas. Member satisfaction with the Equestrian Center and its programming is critically important if we are to grow and improve the operations in this part of The Club at Las Campanas.
Topic of the day is whether or not the Congressional stand-off will result in a government shutdown – for a few days or a few weeks. Not a big deal, you think (“they always work it out”), but depending IF IT HAPPENS,
Last week, Federal Reserve Board Chairman Bernanke startled many by announcing that the Fed will not wind down their bond buying program right now.
As I have written in the past, the program is part of an overall stimulus package geared at bringing back the national economy. The Fed’s purchase of these bonds over the last few years has driven mortgage rates to historic lows.
Most rates improved slightly over last week, and for the time being, the Fed will continue with its purchase of mortgage-backed securities (“MBS”). As you are aware, though, besides the Fed’s (eventual) plan to cut back on their MBS purchases, there is heavy Congressional debate re how the government should replace Fannie Mae and Freddie Mac.
Santa Fe, N.M. — With a record field of more than 120 classic and vintage automobiles — most never seen in Santa Fe previously — the 4th annual Santa Fe Concorso being held for the second year at The Club at Las Campanas has added another star attraction. Artist Dale Chihuly will create a spectacular glass installation entitled “Red Reeds” on the 9th fairway of The Club at Las Campanas.
As Congress is making moves to eliminate Fannie Mae & Freddie Mac, both agencies are trying to survive by making changes to their underwriting guidelines (in most cases tightening). Here are some of the changes scheduled for release in mid-November 2013:
As we head into September and towards the end of the busier part of the golf season at Las Campanas, I wanted to take this opportunity to remind you of a few upcoming events we are hosting here at the course. Golf here at The Club at Las Campanas over the next two months is as good as it gets;
Back to Market Reports >> Pending Homes Las Campanas September 2013 Address List$ Date DOM SqFt $/SqFt LotSz 5 Plaza Ortega – Lot 26 $999,000 ** 09/13/13 201 * 4,446 $224.70 0.860 2A Avenida Manson – Lot 6 $734,000 09/20/13 7 2,861 $256.55 0.188 49 Dayflower – Lot 159 $1,295,000 ** 09/22/13 143 * 5,134 … Read more
Back to Market Reports >> Sold Homes Las Campanas September 2013 Address List price Sell price %L/S Sell date DOM/CDOM SqFt $/Sqft LotSz 3 Campo Rancheros – Lot 64 $1,495,000 ** $1,350,000 90.30% 09/05/13 190 * 5,535 $243.90 1.610 2 Camino De Colores – Lot 23 $480,000 ** $569,796 118.71% 09/11/13 275 * 2,498 $228.10 … Read more
