Viewing Posts for July 2009. 8 Posts Found.
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Economy sees third straight month of positive growth

by Kenneth R. HarneyThere was an important piece of economic news last week that has HUGE significance for real estate and housing, but it got minimal coverage on TV and in print. The Conference Board's Index of Leading Economic Indicators, widely acknowledged as the most accurate predictor of future activity and output in the U.S. economy, rose by almost a point in June. That was the third straight ...

Median Home Prices Up; Payments the Same

During the past 20 years, the median price of an existing single family home in metro Albuquerque has gone from $144,100 (in 2008 dollars, that is, adjusted for inflation) to $186,500, says the annual "State of the Nation's Housing" report from the Joint Center for Housing Studies at Harvard University. (See www.jchs.harvard.e du/son/index.htm.) The price increase reflects more amenities and larger ...

Rio Rancho Sales Up; Metro Trends Improving

Events and trends in the real world of the metro Albuquerque real estate market appear heading in a good direction. Rio Rancho generated the big news during  June with a 20% increase in sales of detached homes over June of 2008.  June sales in Rio Rancho were also up 35% from May. For the entire metro area, the  median and average sales price rose in May for both detached homes and ...

Video: Why is now the perfect time to buy?

Tha answer is Incentives, Interest Rates, Inventory and Pricing

The Clock Is Ticking...Important Dates Home Buyers Need to Know About

"There's no place like home," so the famous saying from The Wizard of Oz goes. And this year, that saying applies to many new home owners, as first-time home buyers (FTHBs) have accounted for 53% of total residential real estate purchases during parts of 2009. For those of you who have already bought a home, congratulations. For those of you still waiting, this is a call to action: It's time to get ...

Make Your Down Payment With the $8,000 1st Time Buyer Tax Credit

 Video - The Mark and Sheila Team Reports on using the 1st Time Home Buyers Tax Credit towards your down payment and closing costs. Several states now have programs in place to help you buy a home with the federal government's money. Gets specific for New Mexico. There is legislation pending to raise the credit to $15,000 for all home buyers.      
Tags: rio rancho

NAR Video:Pending Home Sales Up for 4th Straight Month

Pending Home Sales Up for 4th Straight Month

What’s With All The Moaning About Home Appraisals?

  Wall Street Journal By James R. Hagerty, June 25, 2009 Lately, mortgage brokers, builders, real estate agents and others in the housing business have been moaning about appraisals. On Tuesday, it was the turn of Lawrence Yun, the chief economist of the National Association of Realtors. He lamented that May home sales were "less than expected because poor appraisals are stalling transactions. ...
Viewing Posts for July 2009. 8 Posts Found.
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