I just read a news report that said nationally, home sales rose by 11% last year — the highest increase in sales since the peak of the housing market in 2005. Woo Hoo! That seems like a strong indicator that the national economy is continuing to grow. Locally, home sale in Los Alamos County were up a similar percentage. Hopefully, the approved LANL budget instead of more months of continuing resolution will solidify that trend further as we begin 2014!
And, one plus of the stock market correction we’ve been experiencing the last few days also has a silver lining — it has pushed mortgage interest rates down to their lowest since last November. The 30-year fixed conforming mortgage hit 4.34 percent Friday. Buyers: it’s a great time to start shopping for homes in Los Alamos. We are seeing new listings coming on the market as sellers try to get a jump on the typically strong spring selling season.