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“Dream Home” Contest

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 ...

Metro Weathers Recession Well; Future Looks Bright

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 ...

Coldwell Banker Legacy Fourth Nationally

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 ...

Metro Market Report; Sales Up Almost 60%

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 ...

Home Sales Increase 11% in October

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 ...

Planning Will Ease Moving Hassle

Moving is work, no question about it. But some planning can reduce the hassle, say moving experts. The moving process starts with preparing your home for sale. That’s because staging your home for prospective buyers involves the same first step as moving, namely getting rid of the junk. Clean out closets. Go through that seldom used spare bedroom, and the basement and attic if you have one.  ...
Tags: moving

Luminaria Tour Times Set

Albuquerque’s annual Luminaria Tour will be Christmas Eve, Thursday, December 24. Tour buses leave from the Convention Center starting at 5:45 p.m. Tickets are $7.00 with children under five free. The tour covers the Country Club area and Barelas. Early ticket purchase is available through several radio stations. See www.cabq.gov/transit/special-events/luminaria-tour for more information.

Mortgage Can Cover Remodeling Costs

The Federal Housing Administration has a loan product that does two jobs, both providing your mortgage (or refinancing) and allowing qualifying home buyers to include up to an additional $35,000 in the mortgage. This addition to the mortgage provides funds for owners to improve or upgrade their home before moving in. The loan product is called the FHA Streamlined 203(k) loan. This approach eliminates ...

Existing home sales at highest level since 2007

Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday. The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million ...

Tax Credit Extension Is Signed Into Law

The Basics: Extended Home Buyer Tax Credit 2009/2010 Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed  and President Obama has signed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April ...
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