Property managers busy as home list shrinks

And there is Molly Harris-Whitted, who earns her keep when owners hold — leasing out property or delaying the sale for a better price. Though prices are steady and closed sales on the same pace as 2010, the biggest change is in inventory, which continues to fall. The total inventory of single-family Homes for Sale in Santa Fe County is now down 33 percent from this time in 2009. There was a surge last year when many owners could not sell and rushed to find tenants to avoid foreclosure. But the trend has continued as many of those owners assess their options again — and tenants in those properties consider their options, some moving ahead with home purchases and others signing new leases. But there is no federal tax credit for homebuyers this year, so Donna Reynolds, association director, sees the numbers as a good sign. Nationwide, foreclosure activity was down 29 percent in the first six months of 2011, and June was the ninth-straight month in which foreclosure activity decreased on a year-over-year basis. Saccacio, chief executive officer of RealtyTrac, said the decline is not all good news. Once you've logged into the system, you'll be able to contribute comments. If you need help logging in or establishing your new user name and password, please visit this tutorial. Comments can be accepted up to eight days following publication. After that, comments can be read but no new submissions made. Anonymous comments and those posted under a pseudonym can be removed. If you have questions, e-mail webeditor@sfnewmexican. Homes for Sale