Santa Fe Foreclosures surge – Santa Fe New Mexican

Posted on 30 July 2010

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Good story in the Santa Fe New Mexican about the continued growth in real estate foreclosures.  I was quoted in this article and in a radio story on KSFR, my opinion being it’s not over yet, and we have more foreclosures to come in Santa Fe County before we start seeing daylight.

Frank O’Mahony, who opened up his Evolve Real Estate Santa Fe last year — the worst in at least a decade for home sales here — has done an analysis of the market on his website. He sees inventory rising whenever sales percolate.

“There is a huge overhang of people holding back, waiting to put their homes on the market,” he said.

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