Realtor Magazine: Winter 2022:  "Investors and move-up buyers will keep home sales humming, but inflation and other issues could be hurdles." Lawrence Yun.

Americans' total net worth rose by $31 trillion in 18 months.  Predictions for 2022 existing home sales are expected to fall by only 2% after a nice 14% cumulative national growth in the past two years.  Home prices will not fall, but will rise by 4% nationally. Affordability is changing,  with mortgage rates up.  A $300,000 loan can turn into $375,000 with monthly payments increasing to $1,581 +.  The 1st time buyer has it tougher than someone who can use the proceeds of one home to buy another.  

Remote working is still a new phenomenon, meaning a huge number of homeowners could be "mishoused" - living in the right property before the pandemic but not any more.  Buyers moved to resorts....they work...and why would their boss care? 

RISMedia/s Real Estate, March 2022: New Home Supply Can't Keep Up With Demand

*Not enough homes being built to meet demand.  *Builders would need to produce 3X more homes to close the gap.  * Supply chain issues limit completions * Affordability at the forefront.

Take Away:  Home completions did not keep pace with starts, as supply chain issues hindered building activity.  Household formations slowed in 2021, but the housing gap widened because household formations still outpaced construction.

WHAT'S NEW: Average Sales Prices for:   Single Family Residence:  $597,000;   Condo:  $550,531;                     Building Site (

WHATS UP since 1ST 1/4 2020;   Single Family Units Sales:  +41%;   SF Average Sales Price: +65%;     Condo Unit Sales:  +103%;         Condo Average Sales Price:  +15%;   Building Sites Sold (

WHAT'S DOWN since 1ST 1/4 2020:   Single Family unit sales peaked in the         3rd quarter of 2020: down 25%   Luxury Inventory                 Absorption Rate (the ration of active        listings to sold listings)

WHAT'S THE SAME:                       Units sold in both 1st 1/4 2021 and 2022 (chart #2)                                                                                          The Average Sales Price for the past 3 quarters (chart #1).  

It was a great year.  It was a challenging year.  Sellers took advantage of rising prices and buyers found the Taos market unique in lifestyles and culture.  With multiple offers, unheard of delays in closings, patience and perseverance from all sides, The Schantz Team made it happen for you! 

Joel, Yvonne and Kristine are recognized nationally, statewide and locally: 

BHHS National Achievement:  Chairman's Circle Platinum

BHHS New Mexico Properties Winners:  #4 Statewide Team Producer

Best of Taos voted #1 Realtor for 2021:  Joel K Schantz

Spring is here.  The weather is crazy with being warm and sunny one day, snow the next and then comes the wind.  We are in Taos.

The asparagus patch is nearly 50 years old.  Buried deep in the ground, these pillars of spring peek their heads out with just a couple  of warm days.  But be aware, they do not like frosty nights, so look at that weather report and snap them that evening.  Enjoy!

Turn your soil with the compost you have.  Run the tiller to uproot the weeds.  Then wait.  The ground is still chilly and your seeds might just sit there (and maybe rot) until the warmer weather arrives.  

The BHHS Pawfect Sweepstakes is your chance to win a pet sized, custom built house for your dog, cat, rabbit, turtle, goat, hamster ....that any pet would love.  Imagine Zoe, Sydney or Dusty, Squeaker having that quality time in their 100% own home.  

The Pawfect Sweepstakes runs now through June 6.  Visit www.BHHSPawfectHome.com for your chance to win. Submit your entry for your pet's dream home...the one just like them, pawfect! 

No purchase necessary.  Enter contest at www.BHHSPawfectHome.com from April 11, 2022 , 112:00pm Eastern Time (ET) through  June 6, 2022 11/59 pm ET.  Open to legal residences of 50 states, DC, Mexico and Canada of 18 years of age and older. One entry per person per day. There are 3 custom pet homes to be available to be won. (Estimated value of $5,000 each.)  Visit www.BHHSPawfect.com for full details on how to enter, eligibility requirements, prize descriptions and limitations.  Sponsored by BHH Affiliates LLC, 18500 Karman #400, Irvine, CA  92612, USA., 

Yes, this Award Winning Taos Tennis facility has become a staple of enjoyment for families and visitors alike for decades.  This complex boasts 7.52 commercial acres located on Hwy 150 (Taos Ski Valley Road),  6,820sqft clubhouse with pro shop, management desk, meeting room and restaurant with full kitchen, along with the 36'x65' swimming pool, hot tub, wading pool, 988sqft pool house/sauna.

The Taos Mountain views are outstanding from the patios, restaurants, 10 tennis courts and pickleball courts.  This is a great opportunity for the next generation of Taos.  $1,900,000   MLS107967