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 ...
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 ...
Tha answer is Incentives, Interest Rates, Inventory and Pricing
From www.ABQJournal.com By Michael Hartranft
Wednesday, 17 June 2009
Albuquerque is weathering the nation's economic downturn better than 85 percent of the nation's 100 largest metropolitan areas, a new economic report says.
The Duke City is ranked 15th among metro areas with populations of 500,000 or more for strongest economic performance during the recession, ...
Washington, June 10, 2009
The following is a statement by National Association of Realtors® President Charles McMillan:
"NAR and our 1.2 million members applaud the Business Roundtable for its sound policy recommendations put forth to reinvigorate our nation's housing market. The proposal they announced today is consistent with the recommendations NAR has advocated and reflects the critical need ...
Best Places to Live 2009
U.S. News looked at areas with strong economies, low living costs, and plenty of fun things to do
By Luke Mullins Posted June 8, 2009
With the decade winding to a close, Americans have grown increasingly reluctant to gas up their moving vans. Last year, the Census Bureau's national mover rate-which represents the percentage of Americans 1 year and older who moved within ...
Kiplinger.com Best Cities List
2009 BEST CITIES Best Cities: It's All About Jobs Stable employment and new career opportunities give these cities an edge. From Kiplinger's Personal Finance magazine, July 2009
What a difference a year makes. Last summer, the energy and finance sectors of the economy seemed to be thriving, and manufacturing was going strong.
Today, many cities are relying on government ...
2009 BEST CITIES No. 2 Albuquerque, New Mexico By Bob Frick, Senior Editor From Kiplinger's Personal Finance magazine, July 2009
SOLAR CITY
Population: 819,576Income Growth: 7.8%Cost of Living Index: 98Median Household Income: $45,634Percentage of Workforce in Creative Class: 30%
What Albuquerque wants, Albuquerque gets -- and the city and state crave high-tech jobs, especially in the renewable-energy ...
HUD plans to tweak $8,000 tax credit rules so first-time homebuyers can get instant down-payment assistance.
By Les Christie CNNMoney.com staff writer Last Updated: May 19, 2009: 12:45 PM ET
NEW YORK (CNNMoney.com) -- Home prices are cheap. Affordability is at a record high. And the market is littered with distressed properties looking for a buyer.
But there is one big obstacle for many first-time ...
We have a case of "uptick" on our hands. Market conditions are improving. We now have the lowest months supply of homes (at 7.6 months supply) than we've had since July of 2007. Yes, July of 2007. Average days on market dropped 7.7% from January to April. We are now at 88 days. More homes closed last month (588) since October of 2008. That number ...
