Albuquerque Real Estate News

Santa Ana Arena and loyal fans will miss not having the Scorpions hockey team around next season. Unfortunately for Rio Rancho and Albuquerque Metro the Scorpions announced they will not be playing this upcoming season due to financial setbacks. The new management company, Global Spectrum is now looking into filling those slots normally used by the Scorpions with other entertainment possiblilities.

ABQJOURNAL RIO RANCHO: Scorpions Loss 'Temporary Setback'

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Residents and Businesses in Albuquerque’s West Side near Ventana Ranch area are very excited to see its new soccer complex will be ready by August. Business owners in this area are looking forward to drawing up new business from activity at these fields. It’s exciting to have a place for sports events located so near a community such as Ventana Ranch where many residents will have the opportunity to use it for recreation and exercise.

www.KOB.com - Businesses have high hopes for soccer complex

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The Albuquerque Metro area has made another list. Not just one, but two and these are big ones! Albuquerque has made the TOP 10 Best Places to Live list in the US News & World Report for 2009 along with the Kiplinger.com report.  Shhhhh! Our secret is out! With well over 300 sunny days a year, clear blue skies and magnificent scenery in this area, it’s no wonder. Albuquerque Metro along with Rio Rancho boasts an abundance of highly educated citizens along with diverse cultures and artistic individuals. This varied population and unique location is appealing to many and it was only a matter of time that the word spread to other parts of the country.

http://www.kiplinger.com/tools/slideshows/BestCities2009/3.htm


Best Places to Live 2009 - US News and World Report:

We have gotten together with many other Albuquerque Realtors to sponsor a Tanoan Open House Tour in the beautiful Tanoan community. We have 29 homes scheduled to be Open on Sunday June 7th from 1 till 4. This will be a great chance to see many Tanoan homes for sale and see this great country club community. Here is the home we have on tour so come by and check it out and say hi.

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It’s another great day for economic development in Albuquerque as WalMart announces it will be hiring 420 people for its new store at 2266 Wyoming NE. For those seeking full time employment, the opportunity for health care and 401K is truly beneficial. The grand opening is slated for July 15th while many employees with begin early to help set up the store. For Albuquerque residents it will be nice to have another choice for their shopping needs is this Northeast Heights location.

ABQJOURNAL BIZ: New Wyoming Wal-Mart Hiring 420: "2266 Wyoming NE"

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For those seeking to find the perfect mattress for better sleep, you may not have to look far. The franchise called America’s Mattress will be opening up seven stores in New Mexico with the first one opening in Santa Fe. Three leases have been already signed for Albuquerque. This new economic growth will be a winner for all in the Albuquerque Metro area and New Mexico.

America’s Mattress bedding down in NM - New Mexico Business Weekly:

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For those interested in alternative energy, the grand opening on May 11th of Schott Solar Plant out at Mesa del Sol...is exciting news. This new plant will also help provide economic growth in the Albuquerque Metro area. With almost 300 sunny days a year in Albuquerque, it's possible that the production of Photovoltaic panels will in turn be eventually used in New Mexico. In this day and age, this solar economic growth is beneficial to all.


ABQNews: Solar Boom

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Say goodbye to overcrowding at Ventana Ranch elementary. Two new and identical elementary schools are celebrating their grand openings. Sunset View elementary and Tierra Antigua elementary welcomed their students this week transferring from the long overcrowded Ventana Ranch elementary. Ventana Ranch elementary was housing well over 1500 students with many of them in portables. With these new schools, children will be able to experience what elementary school is supposed to be like. They’ll be able to play on the playground at leisure, go to music classes, go to the library, have lunch in the cafeteria and go to PE and share in many other fun adventures that comes along with learning in a quality environment.

ABQJOURNAL WEST: Students Go To New Classrooms

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According to the Albuquerque Journal and the Albuquerque Police Department, response times by APD have dropped anywhere from three to seven minutes depending on the location. This is due to additional officers along with new resources such as the Northwest Area Command Center near Cibola High. Knowing these times have dropped give comfort to home owners, renters and businesses in the Albuquerque Metro area. Thank you APD for your hard work!

ABQJOURNAL WEST: APD Response Time Drops

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New Mexico has very tough standards when it comes to educational assessments. Unfortunately these high standards are unfairly measured against other states which may have easier standards and assessments. The Albuquerque Public Schools superintendent Winston Brooks is suggesting that the measurement for passing or failing is not the same from state to state and that the National standard need to be revisited.

ABQJOURNAL NEWS/METRO: National School Standards Sought

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Looks like Mesa del Sol with be opening a new Charter school even though the new subdivision has been stalled. It's a nice idea to have a school structure in place so once the economy improves and new home construction moves forward, the education system will be ready. This charter school will also benefit employees who work out in Mesa del Sol.


ABQJOURNAL NEWS/METRO: Mesa del Sol Charter Plans August Opening

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I was little sad see this story, but then I saw that Orlando had dropped 24%, so all in all Albuquerque is holding up pretty well in this crazy real estate market. This is also one more indication that home affordability is at a level that many more people will be able to get into a home. I saw some statistics last week that show that home affordability is at a level that the United States is not see in 30 years. This may be the best time in our lifetime to buy a home, especially if you are a first time buyer because there is the $8,000 tax credit. Of course the bad news is that you are one people that bought the home at the peak of the market in 2006 and have to sell right now, it really difficult (to say the least).

My personal opinion is that the Albuquerque real estate market is going through a bottoming-out phase and I think prices will start to stabilize.

Here is the article from the Business Weekly...
Duke City home prices dip 2.4 percent - New Mexico Business Weekly:: "Home prices in Albuquerque decreased 2.4 percent in February compared with a year ago. In January, the Duke City showed a 2.48 percent decline, according to newly released data from real estate research provider First American CoreLogic."

Pulte Homes in Loma Colorado is hosting a Spring Fling on May 2nd, 11:00am to 7:00pm with special guests Mitchel Musso of the Disney show Hanna Montana along with Teen Sensation Jordan Pruitt.


Come on out and enjoy the food, activities and loads of fun!


http://pulte.com/assets/other/springfling.htm



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