Troy Lepisto Senior Loan Officer NMLS# 470801 1048 Paseo De Peralta Santa Fe, NM 87501 Direct: (505) 670-6399
For the week of April 28, 2014 – Vol. 12, Issue 17
QUOTE OF THE WEEK… “Don’t be afraid to go out on a limb, it’s where all the fruit is.” –Shirley MacLaine, actress and author
INFO THAT HITS US WHERE WE LIVE… It may seem like going out on a limb to predict housing will end up ahead for the year after last week’s New Home Sales report. New single-family home sales dropped 14.5% in March to a 384,000 annual rate. These sales are counted at contract signing, so some of the dip can be blamed on buyers staying home during February’s harsh weather in much of the country. More significantly, March’s median sales price for a new home was up 11.2%, the largest monthly gain ever, so potential buyers may have been put off. The report also does not count multi-family sales, such as condos.