News and updates for new construction builder DR Horton.

#1. Early payoff hacks 

There are several early payoff hacks that homeowners can take advantage of:

Make 1 extra loan payment each year

How it Works

By making one extra payment per year, a homeowner can reduce the amount of interest they will pay over the life of the loan and the duration of the loan. In this example, the monthly payment is $3,160, so by making 1 extra monthly payment of $3,160, the mortgage will be paid off six years ahead of schedule and net over $156,000 in savings.

Tip: By making the extra payment in January, you are hacking the total number of days the mortgage is collected on.

Using the following terms:
Mortgage Term - 30-year Interest Rate - 7% Loan amount - $475,000 Monthly payment - $3,160

Extra Mortgage Loan Payment

#2. EARLY…

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#1. Buydowns

This Playbook Series is designed to explain several mortgage programs available today as well as some hacks to help those with current mortgages pay less over time.

There are a few common buydown products that clients can take advantage of, including an Interest Rate buydown, 3-2-1 buydown and a 2-1 buydown. While the following examples reference sellers paying for the buydowns specifically, buyers or lenders can also pay for interest rate buydowns.

Interest Rate Buydown

How it Works
A rate buydown is a way to pay for a lower interest rate by purchasing discount or mortgage points.

Value to Clients

Buydowns can be a benefit to both buyers and sellers. Sellers get a competitive advantage and buyers get to make a one-time…

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This may be the best time!

Perhaps it's a prime moment to tap into your home equity. The opportunities are abundant, whether you're eyeing home renovations, aiming to clear hefty debts, or funding education expenses. Given the soaring home prices, a significant portion of Americans' wealth lies tied up in home equity. Thankfully, streamlined loan options exist, making it swift and straightforward to ascertain how much you can leverage.

Contact me at (505) 350-8184 for more information on our Preferred Lender.

How much can you access?

Click Here to find out!

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March 2024 Market Stats

  • Highlights (the highlights are a comparison between March 2023 and March 2024
  • Median detached home price increased 3.7 percent to $351,000
  • Average detached home price increased 2.8 percent to $396,556
  • Overall inventory of detached homes for sales increased 10.3 percent to 1192

Additional Reports March 2023 Showings Report March 2023 Local Market Snapshot Reports (by zip code & MLS Area) For media assistance, please contact Laura Harris at 505-724-3481 or laurah@gaar.com

Full Market Report

Green Market Report

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February 2024 Market Stats

Highlights are a comparison between February 2023 and February  2024

  • Median detached home price increased 4.8 percent to $340,458
  • Average detached home price increased 6.8 percent to $389,869
  • Overall inventory of detached homes for sales increased 7.7 percent to 1110

February Reports  

  • Green Sheet
  • Full Market Report
  • Showings Report  
  • Local Market Snapshot Reports (by zip code & MLS Area)  PLEASE CONTACT SWMLS Help Desk for this file at support@swmls.com          

Courtesy and Reference GAAR.com

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Have you ever paused to ponder the meaning behind the name of your home state or city capital? It's a fascinating journey through history, often revealing stories of conquest, homage, or cultural significance. From the bustling streets of New York City to the serene landscapes of Boise, Idaho, each name carries its own unique tale waiting to be discovered. Let's delve into the historical meanings behind some of these prominent names – prepare to be surprised!

Etymological Map of America

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Map Palomas MeadowsDiscover the allure of Palomas Meadows by DR Horton, where luxury living begins in the 700s. Nestled off Holbrook and Paseo Del Norte, this exclusive gated community boasts 33 exquisite homes, situated within the prestigious La Cueva School District. Marvel at breathtaking vistas of the majestic Sandia Mountains while enjoying the contemporary comforts of modern living. Indulge in expansive floor plans and an inviting open concept design, offering the ultimate in sophistication and style.


Stillbrooke Homes For Sale in Palomas Meadows

Schools:

Elementary: Double Eagle

Middle School: Desert Ridge

High School: La Cueva

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January 2024 Market Statistics

Highlights are a comparison between December 2022 and December 2023
  • Median detached home price increased 5.5 percent to $333,245
  • Average detached home price increased 4.3 percent to $376,361
  • Overall inventory of detached homes for sales decreased 1.5 percent to 1077
Additional Reports
  • January 2024 Showings Report 
  • January 2024 Local Market Snapshot Reports (by zip code & MLS Area)

Source: GAAR.com Full Market Report

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June Market Statistics 2023

Highlights compare June 2022 and June 2023:

  • Median detached home price increased 3.7 percent to $364,250
  • Average detached home price increased 3.0 percent to $413,852
  • Overall inventory of detached homes for sales increased -8.7 percent to 1,129

Additional Reports

  • June 2023 Showings Report
  • June 2023 Local Market Snapshot Reports (by zip code & MLS area)

For media assistance, please contact Laura Harris at 505-724-3461 or laurah@gaar.com credit gaar.com

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