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Mortgage rates again edged lower the past week, with the average rate on fixed-rate mortgages extending their record lows, according to Freddie Mac's (FMCC) weekly survey of mortgage rates. Rates have fallen in recent months with the prolonged rally in the Treasury market that's been prompted by volatility in stocks. Higher Treasury prices mean lower yields on the debt, and mortgage rates tend to track ...
Posted by
Paul Chavez
on 08/31/2010
[1]RISMEDIA, August 26, 2010—(MCT)—Kitchens have long been among the most popular remodeling projects. But with fewer clients requesting kitchen upgrades during this recession, one kitchen designer has turned the economic slowdown to her advantage.
“If I couldn’t remodel as many client kitchens as usual, I decided to remodel my own showroom. That way, I’d be ready to ...
Posted by
Paul Chavez
on 08/26/2010
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Coldwell Banker Legacy led the metro Albuquerque residential real estate market with 4,080 sales during 2009.
The expertise and professionalism making Coldwell Banker Legacy number one in Albuquerque extends to the nation. Counting both sides of the transaction, buying and selling, Coldwell Banker had more 500,000 transactions nationally during 2009. Our next nearest competitor was Remax with about ...
Posted by
Brenda Jenkins
on 08/23/2010
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American consumers are terrific innovators. We’re always seeking the simpler, faster and cheaper approach. Sometimes the quest brings great results. Sometimes we lose sight of value such as when attempting to sell our own home.
Residential real estate professionals bring enormous assets to the complicated process of buying and selling homes. These assets group under time, experience and information. ...
Posted by
Brenda Jenkins
on 08/23/2010
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Rio Rancho came in at 51st on Money Magazine’s newest annual list of the nation’s best small cities. The list is in the magazine’s August issue. At money.cnn.com/magazines/moneymag/bplive/2010/top100/index3.html, Money describes Rio Rancho as a “safe, family-friendly suburb of Albuquerque with lots of affordable homes (that) is home to events like the annual Pork & Brew, ...
Posted by
Brenda Jenkins
on 08/23/2010
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During June, sales of single-family detached homes continued the string of monthly year-over-year increases that have been the theme for 2010. Metro Albuquerque saw the sale closed on 723 single-family homes during June, an 11.4% increase from June 2009, according to the Greater Albuquerque Association of Realtors. Sales dropped eight units during June from 731 in May, after ...
Posted by
Brenda Jenkins
on 08/23/2010
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Per capita personal income in metro Albuquerque grew by one-third between 2000 and 2008, the Bureau of Economic Analysis reported recently. Income in Albuquerque averaged $35,415 in 2008. Per capita income is total income divided by the population.
Posted by
Brenda Jenkins
on 08/23/2010
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People owning their homes tend to have bigger homes with more rooms and more amenities such as central air conditioning. This conclusion comes from the 2009 American Housing Survey conducted by the U.S. Department of Housing and Urban Development. About 68% of the nation’s 130 million residential housing units are owner occupied. The median American home is 36-years-old.
Two other long-term ...
Posted by
Brenda Jenkins
on 08/23/2010
