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Read our current Taos Real Estate Market Report with sales, price and inventory data, and prior year comparisons.
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Interest rates for home loans increased slightly during this week. According to an article in Market Watch, 30-year fixed rate loans averaged 4.12%, up from 4.08%. The 15-year fixed rate loan was 3.60%, up from 3.56%. The the complete article at https://www.marketwatch.com/story/mortgage-rates-tick-up-as-the-spring-selling-season-hangs-in-the-balance-2019-04-11. The article contains a useful chart that illustrates the interest rate on 30-year…
Sales of single-family homes are starting to fall behind last year’s pace, as the inventory shortage is hampering sales. Condo sales are up over last year, although they are still only about half of peak market levels. Land sales have flattened, and are about the same as last year.
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(all data current as of 8/18/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.