Taos real estate prices have been steadily increases for years. This year is the first slow down in Real Estate here. There are some great buys in condos in town and in Taos Ski Valley. The interest rates are very low now as well. There has been a slight increase in mortgage applications nationwide which is a sign that the market may have bottomed out and is not starting to move up again. If you have any questions about properties or trends in Taos, please contact me. I'd love to talk with you.
I just read an article written by an economist who said that the real estate market is close to being at the bottom of the decline. He also said that when prices drop in real estate that markets stabilize. I attended a seminar in January in San Diego which also addressed the declining market. According to the experts at the Seminar, real estate should start to rise again in 2010 and the market then will be similar to the great markets of 2003-2004.
Prices in Taos have decreased and the number of real estate sales has dropped. Properties are still selling, but the pace has slowed down. It is truly a great time to buy an investment property right now, because there are a lots of choices and sellers seem to be more flexible with their prices.
If you have questions about specific neighborhoods or real estate in Taos, please contact me at
575-758-7890 or visit my website taoshomepage.com
 |
|
|
My mission is to help people. 30 plus years in Taos County and still loving it. My group is very professional, and we love working with buyers, sellers and investors. Visit us at taoshomepage.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
