Monthly Archives February 2014

Older Buyers Boost Builders’ Expectations

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Recently surveyed builders expressed surging confidence in the market for newly built single-family Taos homes among buyers age 55 and up.

According to the results of the latest National Association of Home Builders 55+ Housing Market Index – which measures builders’ confidence on a scale where any number above 50 indicates more builders view conditions as good than poor – confidence in the market for single-family homes increased 20 points year-over-year to a level of 48, the highest fourth-quarter reading since the NAHB began tracking the data in 2008.

Robert Karen, chairman of the NAHB’s 50+ Housing Council, said they are seeing continued improvement in the 55+ housing market because consumers have gained confidence in the economy and are able to sell their current homes and move in...

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Steady Rise in Home Ownership, and Taos Real Estate is No Exception

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The Census Bureau’s Housing Vacancy Survey tracks the homeownership and vacancy rates for owner-occupied and rental housing across the country. . .

Since they began tracking this data in 1965, the results have shown a steady rise in the number of Americans who own their own home. From an early low of 62.9 percent, the homeownership rate climbed to a high of 65.8 percent in the 1980s before settling into a roughly 10-year period where it hovered around 64 percent. Then, in the mid-1990s, homeownership levels began to rise again, setting a new high in 2004 at 69.2 percent.

Since falling during the financial crisis and recent recession, the homeownership rate has, once again, settled. The latest data shows the rate has plateaued at 65 percent and has remained virtually the same since the 2nd ...

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Economy Confidence and Low Rates Good for Taos Real Estate

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Americans grew more confident in the economy in 2013, according to recently released data from Gallup.

Though their perception of economic conditions and the future direction of the economy experienced some ups-and-downs throughout the year, Americans were more optimistic than in years past, with gains seen across several key indicators.

Gallup’s Job Creation Index, for example, gained two points from its year-before level, while economic confidence rose five points and average daily spending increased to $88, a $16 improvement over 2012. Overall, Americans were more confident in the economy than in the previous five years, which is a positive sign that the economy is recovering from the most recent recession...

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