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Steinborn News

Amy and John Hummer Announce an Equal Partnership with Zane and Kayla Fikany, Bringing New Energy to Steinborn Inc., Realtors

In exciting news, Amy and John Hummer are teaming up with Zane and Kayla Fikany in an equal partnership that is sure to take this company to new heights. The anticipation and enthusiasm around this partnership has been palpable, with many eager to see what the future holds. With their expertise and experience, we are confident that this partnership will lead to new opportunities for growth and success for all the realtors at Steinborn. We cannot wait to see the amazing things that we will accomplish together as a team.

June 22, 2023

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Home Buying

The Drop in Mortgage Rates Brings Good News for Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points

July 14, 2022

Unpacking a Wall Street Journal Article on Las Cruces Housing Market

A recent real estate article in the Wall Street Journal, “Housing Market in This Small City Took aLong Road to Recovery,” created a buzz among buyers, sellers, and the business community.Written by Ben Eisen and Nicole Friedman, the article is centered around the home buying andselling journey of a Las Cruces citizen, Dr. Meghan Downes. She is a professor at New MexicoState University and described the financial and emotional impact on her from her homepurchase in 2007. We’ve experienced heartache with other buyers since the downturn of the real estate market in2008. We empathize with Dr. Downes and understand the

June 16, 2022

Home Selling

Why You Need an Expert To Determine the Right Price for Your House

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal

June 7, 2022

Home Buying

The Dream of Homeownership Is Worth the Effort

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a

April 28, 2022

Real Estate Market Updates

Real Estate Voted the Best Investment Eight Years in a Row

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level in 40 years, it’s more important than

February 25, 2022

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