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It may pay to settle for less when purchasing your first home.
By Michele Lerner of Investopedia
Since 2000, homeownership rates in the U.S. have hovered around 66% to 67% of the population. In 1900, fewer than half of Americans owned their own home. The biggest surge in homebuying came after World War II, when many young families were encouraged to buy a "starter home."
Attitudes ...
Posted by
Paul Chavez
on 11/12/2010
www.ColdwellBankerLegacy.com
Posted by
Paul Chavez
on 11/10/2010
[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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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 ...
Posted by
Paul Chavez
on 11/24/2009
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The $8,000 tax credit for first time buyers is working, drawing new people into the market and providing a big reason for growing home sales in metro Albuquerque. While the program ends November 30, as a practical matter, it ends in early September. That's because it typically takes from 45 to 60 days from signing a purchase agreement until a sale closes. You must close and fund on your new home by ...
Posted by
Paul Chavez
on 08/16/2009
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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 ...
Posted by
Paul Chavez
on 07/29/2009
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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 ...
Posted by
Paul Chavez
on 07/24/2009
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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 ...
Posted by
Paul Chavez
on 07/24/2009
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"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 ...
Posted by
Paul Chavez
on 07/10/2009
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Pending Home Sales Up for 4th Straight Month
Posted by
Paul Chavez
on 07/01/2009
