It's slim pickings out there. And this year, the inventory crunch is even worse. Home inventory is now at a post-recession low, down 9.1 percent nationally in the third quarter compared to a year ago.And this winter isn't shaping up to break the trend, so buyers in many markets should be prepared for slimmer pickings. If you're committed to buying this winter, it may be time to widen your idea of what your dream home looks like or which block it's on.For first-time buyers, though, the outlook in winter is sunnier. The inventory of less-expensive starter homes actually increases by about 7 percent in the last three months of the year compared to the spring.

The upside of shopping in winter is that many would-be buyers call it quits till spring. That means less competition, a welcome reprieve for those disheartened by packed open houses and seemingly unwinnable bidding wars.Homes that are on the market in winter often have motivated owners who cannot wait that long. These homes, especially those that failed to sell in the fall and are still on the market, may be ripe for a lowball offer.

With fewer shoppers in the market, prospects brighten for buyers with an FHA loan. These loans, backed by the Federal Housing Authority, have looser requirements than conventional loans, making them less appealing to home sellers who are getting all-cash offers or conventional loan buyers with big down payments. In winter, home inspections may be more notable for what they don't include than what they do. Snow may cover the roof. Be aware of the gaps in the inspection and pay close attention to the age and type of the roof and air conditioner.

Interest rates shift more with economic conditions and policy decisions than with the seasons. And rates have been so stable, hovering around 4 percent all year.But don't get too complacent. The Federal Reserve recently hinted at future increases, and the Mortgage Bankers Association has predicted that the Fed will raise rates in December and three times in 2018, though they also predict that 30-year-mortgage rates will remain below 5 percent throughout the year. It's wise to watch this closely. If rates rise while you're house-hunting, it can make a real difference in what you can afford.

So when looking to sell or buy the Best in Taos or Angel Fire Real Estate check with the ladies at New Mexico Mountain Properties. Are you looking for the perfect home in Angel Fire or Taos,maybe a condo in Taos, close to the plaza or a home or condo close to the slopes in Angel Fire we are the ladies to call on. Do you want to lessen your imprint on the world buy an Earthship designed for green living. Maybe you want the perfect Taos get away to fuel your artistic side call us at (575) 758-5852.

Perhaps you are wanting to build your dream home we have lots and larger parcels to choose from in Taos and Angel Fire. Does lakeside living appeal to you? We have many lakeside lots available in Angel Fire's private community of Hidden Lake.Do you prefer views of the Angel Fire Resort Ski Slope, check out the lots for sale in Taos Pines Ranch.If buying or selling Angel Fire property call us at (575) 377-2626.

We are dedicated to bringing you the Best in Real Estate in the Enchanted Circle. To speak directly to a broker call Paula at (575) 770-3306. We are here to welcome you to our growing community. Cool Fresh Mountain Air Is Waiting Just For You!!!

Information obtained from Trulia