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Read our current Taos Real Estate Market Report with sales, price and inventory data, and prior year comparisons.
Current Real Estate News
Coronavirus has upended markets around the world. Its effect on the 30-year mortgage is especially significant. A recent post in the online version of the Wall Street Journal describes why rates have been falling–and why they may go even lower. Here is a link to the full article: https://www.wsj.com/articles/30-year-mortgage-rate-reaches-lowest-level-ever-2-98-11594908357?st=ogl913s9r5e6avf&reflink=article_email_share
The residential market continues to surge! After the lull in April-May caused by the Covid-19 lockdowns, the market has roared back. The numbers of homes and condos going under contract are at record levels. Prices are rising, and the time it takes to sell is falling. Land and commecial sales are still slow.
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(all data current as of 10/19/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.