Here’s the good news of the day: Home builders are on a roll. The Wells Fargo/National Association of Home Builders Sentiment Index posted at 64 for October. This is the highest this number has been since 2005 (a posting above 50 tilts sentiment toward optimism).

28 Calle Cristiano, just one of the homes available in Santa Fe this week!

Other numbers, including permit numbers, indicate home builders are expecting strong starts and sales for the next six months.

What does this mean for you? Anytime awareness of home sales, whether in new builds or not, leans towards optimism, buyers are going to have heightened awareness of the market and increased optimism. Finally we are moving toward a brighter home selling horizon!

And what about financing and interest rates? Freddie Mac’s latest survey shows homeowners across the country are refinancing at sub-3.9% on a 30-year fixed-rate loan. The 15 year fixed rate is hovering around 3%.

Anyone considering a new loan should act sooner rather than later. These are incredible numbers, especially for those of us who remember the 70’s and 80’s. Remember when your student loan interest rate was higher than these home loan rates?

What does all this mean? That NOW is the perfect time to look for your Santa Fe dream home. And that I can help you find not only the property you want, but a great lender to help you snag one of these loan.

Call me! I’m here to help.