Though prices usually weaken at the end of the year, the most recent S&P/Case-Shiller Home Price Indices show year-over-year increases of nearly 14 percent in both the 10-city and 20-city Composites through the end of November 2013. The gains continue the upward trend of year-over-year improvement that began in June 2012. David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, said home prices continue to rise despite last May's jump in mortgage rates. According to Blitzer, mortgage applications for purchase were up in recent weeks which validates home builders' optimism as seen in the most recent survey from the National Association of Home Builders. Combined with low inflation, homeowners are enjoying real appreciation and rising equity values, Blitzer said. Though home price increases are expected to moderate this year, Blitzer feels housing will make further contributions to the economy in 2014.

Absolutely, things are turning around for sellers; more equity, better value for their homes. This should give Taos and Angel Fire homeowners incentive to market their home or condo, giving buyers more choice when buying Taos real estate, and when we have a bigger selection of properties, prices come down. Come on out this year and see what Taos and Angel Fire have to offer: land, homes, condos, casitas . . . Taos and Angel Fire have what you're looking for in real estate!