News

Santa Fe Properties is proud to announce that Gary Wallace, Associate Broker, was honored as the recipient of the REALTORS Association of New Mexico’s (RANM) highest honor – being named the 2015 REALTOR of the Year.

The RANM REALTOR of the Year is awarded annually to an outstanding leader who has committed time, talent, and expertise to the REALTOR organization, their community, and to furthering the real estate profession.

Gary has over 35 years of experience and his commitment to his clients is proven by his successful track record. Gary believes in working diligently with buyers and sellers providing full service, knowledge of the real estate market and patience to meet their needs. He believes in meeting the client’s goals and is attentive to details. He has superb negotiating skills and is known for his on-going client communication throughout the buying or selling process.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate markets throughout New Mexico.

“As someone who has worked with Gary for many years, I am proud to congratulate him for the impact he has made in our Real Estate community. Gary has touched the lives of countless numbers of homeowners and they are better for having had him help them buy and sell the most important asset in their lives.” Liz Cale, President Santa Fe Properties

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.6 point for the week ending September 24, 2009, unchanged from last week when it averaged 5.04 percent. Last year at this time, the 30-year FRM averaged 6.09 percent.

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There is no easy answer to a question about the relative health of Santa Fe’s real-estate market at this point in the recession. People have lost their jobs. Builders and Realtors have gone out of business. Owners have lost their homes and companies to foreclosure. But here and there, the city seems to be thriving.

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The Santa Fe Association of Realtors will use a $25,000 grant from a state Realtors group to, in essence, research the research that’s been done by various groups involved in the city’s affordable housing issues but who don’t seem to be sharing their information with each other, the president of the local Realtors group said last week.

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Steady jumps in pending home sales and low interest rates continue to lead housing out of the doldrums into growth mode — and even toward price increases in some hard-hit markets as well.

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It might be hard to believe, given the recent downturn in the local real-estate market, but a national news report predicts Santa Fe will be among the top 10 housing markets in the U.S. over the next decade.

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Consumers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home.

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Week after week, the economic signs pointing to a recovery underway in the home real estate market just get stronger.

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Nestled in trees, this Northern New Mexico styled home offers views of the Sangre de Cristo, Jemez and Ortiz Mountains.

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In the book Shift: How Top Real Estate Agents Tackle Tough Times, author Gary Keller discusses the notion of “pricing ahead of the market.” Would-be sellers and their agents would do well to pay attention to his ideas.

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