For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit for First-Time Homebuyers (FTHBs)FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of ...
Well, 2009 is over.
What does that mean? For the Albuquerque residential real estate market, there are some very positive signs that we have hit bottom. There are some who are suggesting that there may be a “double bottom” but that remains to be seen.
The last five years.
Here are some numbers that might be encouraging. Let’s go back to ...
The New Mexico Real Estate Commission requires all brokers who receive their license after January 1, 2010 to take a course entitled New Broker Business Practices. It is a 30 hour course. Our Training Director, Cathy Conn wrote the course for the commission. Any new licensee who completes our Hitters Training Program will receive credit for this required course. Another benefit ...
By Stephanie Armour, USA TODAY
The springtime spurt in home buying may hit before the snow melts this year as buyers scramble to meet an April 30 tax credit deadline.The spring buying season typically takes off in March and runs through May. But buyers who want to claim this year's tax credit — up to $8,000 for first-time buyers and up to $6,500 for repeat buyers — ...
Washington, December 22, 2009 from NAR
Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4 percent to a seasonally ...
The HGTV network is giving away a new home in the Albuquerque area. The HGTV Dream Home 2010 is a 3,900-square-foot showpiece in the San Pedro Overlook at Campbell Ranch community on the east side of the Sandia Mountains.
Each year HGTV designs and builds a “dream home” reflecting regional architecture and life style. Then HGTV gives the home away via a contest conducted on the network.
The ...
Posted by
Brenda Jenkins
@ 12:56 PM
on 12/18/2009
Since the recession began, Albuquerque has had the best economic performance of the ten largest intermountain metropolitan areas. Albuquerque’s future looks good, too. That’s the assessment from new reports from the Brookings Institution and Forbes.com.
Brookings says, “As of September 2009, only metro Albuquerque reached its pre-recession peak output, having posted no change. This ...
Posted by
Brenda Jenkins
@ 12:55 PM
on 12/18/2009
Finding your ideal new home and selling your present home, that’s what we’re all about at Coldwell Banker Legacy. For the third quarter of 2009, we at Coldwell Banker Legacy finished fourth nationally in adjusted gross commission income among Coldwell Banker residential affiliate firms. The only ones ahead of us were in much bigger markets.
So if you’re looking for a new home and/or ...
Posted by
Brenda Jenkins
@ 12:53 PM
on 12/18/2009
Sales of single family detached homes were up nearly 60% this November over November 2008 for the best November performance since 2006. The 646 homes sold were a 57% jump from a year earlier. Townhouses and condominiums rose 59%, a greater percentage increase than for detached homes. There were 70 townhouses and condominiums sold during November. Sales were down from October as the seasonally ...
Posted by
Brenda Jenkins
@ 12:52 PM
on 12/18/2009
Sales of single family detached homes in metro Albuquerque increased during October, defying the traditional seasonal slowdown. The 731 detached homes sold during October were an 11% increase over the 661 homes sold during September. October sales were up 43% from October 2008 and more than double the 324 homes sold in January, the period of slowest sales during the current cycle.
The October sales ...
