Cheap money, low prices

The real estate market is still fluctuating throughout Santa Fe with certain price ranges being more affected than others. The upper end market continues to move forward, but has begun to see some deeper discounts for those sellers wanting to expedite the sale of their home.For those buyers looking for the lowest payment possible in their price range, well, they should have locked their loan in January with some of the lowest rates I've ever seen. The rumor is true, some were getting loans with zero points for 4.75% on a 30-year fixed! For those buyers looking for the lowest price possible, now seems to be the time to do so. We are seeing prices that we haven't seen since 2003 and, in some cases, 2000! Trying to find the bottom is what all buyers are trying to do and cannot think of a better time to try and be at the bottom. More to come . . .