Albuquerque Real Estate News: October 2007

#6 Albuquerque NM - Forbes.com
Albuquerque rates #6 on Forbes.com Best Places For Business And Careers.

For Albuquerque MLS visit... http://www.welcomehomeabq.com

Northern NM acreage to be auctioned - New Mexico Business Weekly::
"Nearly 18,000 acres of hunting land in Mora and Harding Counties in northern New Mexico will be available for sale at an auction on Thursday, Nov. 15, at the Wyndham Hotel in Albuquerque."

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Realtors Association of New Mexico: "Third Quarter New Mexico Home Sales The number of homes sold across New Mexico during the 3rd quarter 2007 is down just over 18% compared to 3rd quarter 2006; however average price is up 3%. View Average Home Price 3rd Quarter 2007, Average Price Sold 3rd Quarter 06-07, and Number Units Sold 3rd Quarter 06-07. (Statistics are furnished by Local Boards, Associations, MLS and Mutiboard MLS and may not reflect all real estate activity in the market area.)"

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LIFE IN THE SPOTLIGHT
KUDOS FOR CORRALES. LAST SUMMER, MONEY MAGAZINE LABELED THE NEW MEXICO VILLAGE AS THE 19TH BEST PLACE TO LIVE ON IT'S LIST OF THE NATION'S TOP 100 COMMUNITIES. MAYOR PHIL GASTEYER TELLS 770 KKOB UNIQUE ASPECTS OF CORRALES INCLUDE THE STIPULATION THAT ALL HOMES BE LOCATED ON AT LEAST ONE ACRE OF PROPERTY ... AND ITS VERY LOW CRIME RATE.

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REALTOR® Magazine-Daily News-6 Common Housing Problems that Spook Buyers: "Daily Real Estate News October 23, 2007 6 Common Housing Problems that Spook Buyers Potential home buyers with lots of homes to choose from can be easily spooked by disclosures and the results of property inspections — even when the shortcomings are typical for homes of a certain age. In a jittery market such as this one, it’s critical to give buyers tools and knowledge so they can decide which problems are serious."

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Nonprofits get federal funds for disability housing - New Mexico Business Weekly:: "Two New Mexico housing nonprofits have received funds to provide housing assistance to people living with disabilities.Two New Mexico housing nonprofits have received funds to provide housing assistance to people living with disabilities."

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Using A Buyer's Agent - How To Buy A Home The Right Way

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CV-22 Osprey flies first search and recovery mission: "KIRTLAND AIR FORCE BASE, N.M. (AFPN) -- A CV-22 Osprey assigned to the 58th Special Operations Wing here participated in the aircraft's first search and recovery mission, responding to the fatal crash of a medical aircraft in the mountains of southern Colorado. "

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Realtors join MLS with wider audience:
"Realtors join MLS with wider audience Mid-Florida service will save local agents money
By STEPHEN FRATER

All five of Southwest Florida's Realtor associations have banded together to join the Mid-Florida Regional Multiple Listing Service."

Is the Albuquerque MLS next?

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Albuquerque events - Albuquerque calendar of events: "New Mexico’s #1 ranked fine arts and crafts festival. Award-winning children’s ArtSMart. Preview night is 11/1/07. "

Saturday, October 27, 2007

Landowner Buys Rights to Minerals

By Raam Wong
Journal Northern Bureau
SANTA FE— Fashion designer Tom Ford earlier this year acquired some of the mineral rights beneath his Galisteo ranch in an attempt to protect his land from possible oil exploration in the region.
In March, Ford paid about $84,000 through a brokerage firm to buy the lease to mineral rights to the more than 1,400 acres from the State Land Office, thereby preventing someone from one day drilling on his ranch south of Santa Fe, according to Land Office records and officials.
The purchase came in response to Tecton Energy's controversial proposal to drill eight exploratory wells— and perhaps several more— on 65,000 acres in the Galisteo Basin southeast of Santa Fe where it has acquired the mineral rights.
Ford's representatives had originally tried to persuade the Land Office not to sell oil and gas leases on property near his ranch, an agency official said Friday, though state trust lands are only a small slice of Tecton's holdings.
But the Land Office was obligated to proceed with the bid sale because the agency is charged with raising revenue to benefit public education, John Bemis of the Land Office said Friday.
"It was tough for us to say, 'We want you to enjoy your lifestyle out here, Mr. Ford','' said John Bemis, an assistant commissioner for oil, gas and minerals.
Like Ford, scores of residents living in and around the Galisteo Basin face the hard reality that owning their land doesn't mean they also own what lies beneath.
There's little a surface owner can do to stop a mineral owner who wants to drill. "Both people have legitimate property rights," Bemis said.
Split estates are a remnant of 19th-century homesteader laws in which the government gave settlers surface rights while keeping mineral rights for itself.
Most landowners probably had no idea when they bought their properties that the region was potentially rich in oil and gas, Bemis said.
There was a time when oil wells dotted the area and produced a relative trickle of petroleum. But that was two decades ago.
Now, Tecton believes advances in drilling technology will help it reach previously hard to extract resources: between 50 and 100 million barrels of light sweet crude oil and five to 10 trillion cubic feet of natural gas.
Residents of Madrid, Cerrillos and Galisteo strongly oppose the plan, which awaits consideration by the Santa Fe County Commission and state regulators. Residents will have the opportunity to weigh in on Thursday during the second of two meetings held by Tecton to gather public input.
Tecton officials have said they are committed to working with the community to ensure that energy development is as environmentally sensitive and unobtrusive as possible.
Even if landowners like Ford own both the mineral and the surface rights, they may still not be protected from energy development, Bemis said.
The reason is that a mineral owner who has no desire to get into the oil business can still be "force pooled"— a process by which one owner's minerals are pooled with those of a nearby owner who wants to drill.


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NAR: NAR Donates Half-Million to California Wildfire Relief: "NAR Donates Half-Million to California Wildfire Relief WASHINGTON, October 25, 2007 - The National Association of Realtors®, through the REALTORS® Relief Foundation, is donating a half-million dollars to help the victims of the disastrous wildfires that have swept California and left thousands of people homeless.NAR Donates Half-Million to California Wildfire Relief WASHINGTON, October 25, 2007 - The National Association of Realtors®, through the REALTORS® Relief Foundation, is donating a half-million dollars to help the victims of the disastrous wildfires that have swept California and left thousands of people homeless."

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NAR: Mortgage Availability Improving But Hampered September Existing-Home Sales: "Mortgage Availability Improving But Hampered September Existing-Home Sales WASHINGTON, October 24, 2007 - Temporary problems in the mortgage market are easing and are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®. Even so, prices rose in the Northeast and Midwest. "

Albuquerque Real Estate - http://www.welcomehomeabq.com/

McGraw-Hill News Release - Ownership of 'Green' Homes Expected to Increase Rapidly, According to new Report From McGraw-Hill Construction: "Ownership of 'Green' Homes Expected to Increase Rapidly, According to new Report From McGraw-Hill Construction The Green Homeowner SmartMarket(TM) Report Predicts $20 Billion Market Over Next Five Years NEW YORK, Oct. 22 /PRNewswire/ — McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE:MHP) , today released The Green Homeowner SmartMarket(TM) Report, produced in conjunction with the National Association of Home Builders, providing insight into the mindset of the 'green' homeowner and the homeowner remodeler using green products."

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Countrywide announces $16B refinancing program - New Mexico Business Weekly:: "In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a 'home preservation program' aimed at keeping at-risk homeowners in their homes. In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a 'home preservation program' aimed at keeping at-risk homeowners in their homes. "

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Healthy Lifestyles Expo 2007 - Official City News: "Healthy Lifestyles Expo 2007 Posted: October 23, 2007 Stay well this winter and visit this year's Healthy Lifestyles Expo. The expo, to be held Nov. 2 and 3 at Albuquerque Convention Center, will offer free health screenings. Flu shots are available for the first 5,000 adult attendees. Sponsors include the City of Albuquerque/Bernalillo County Department of Senior Affairs, Silver Horizons and Presbyterian. Admission is $5 for people 17 and older and free for those 16 and under. For more information, www.silverhorizons.org"



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We receive many inquiries from people all over the country that want to know about their Rio Rancho Land. They want to know about the city, the growth and development progress, where Rio Rancho is, and why they own land here? But the most common question is... what is my Rio Rancho land worth? They want to know Rio Rancho Land prices, and if their property is in a desirable location. To help with this we have built some on-line resources for owners of Rio Rancho property.

First, we built an interactive map showing where all of the Rio Rancho Units are and other points on interest using the Google Maps technology. You can click HERE to view the map.

We have also started a Blog to keep Rio Rancho Land Owners up to date on the latest developments around the city. You can view the Blog here... http://riorancholand.blogspot.com

Another great tool we have available is our Rio Rancho Land Search. It uses the MLS system to organize land by price. Makes it easy to find properties in your price range. See it HERE.

As always, we would be happy to give a free land analysis and consultation to property owners that would like to sell their land.

Rio Rancho can be a confusing real estate market, especially when it comes to land values. Hopefully these tools will be helpful for the Rio Rancho property owners.

http://www.welcomehomeabq.com

Labels: Rio Rancho Land, Rio Rancho Real Estate

The following link is the the newly released Dos Amigos Specific Area Plan and the Del Norte Specific Area Plan. They have been well prepared and well presented. This is just the next step forward in the future of Rio Rancho and Rio Rancho Land development. The plan seems to be well thought out and continues to move the City to a better mix-use plan the the original developers.

You can see the complete details as... The Official Site of Rio Rancho, NM - News


http://www.welcomehomeabq.com/
http://www.welcomehomeabq.com/rio-rancho-land.htm

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Labels: Rio Rancho Land, Rio Rancho Real Estate

South Yale Sector Development Plan Public Meeting - Official City News: "South Yale Sector Development Plan Public Meeting Posted: October 09, 2007 South Yale Sector Development Plan Public Meeting Heights Community Center 823 Buena Vista Drive SE 6:00 – 8:00 p.m. Wednesday, November 7, 2007 The Planning Department is working to create a Sector Development Plan for the South Yale area in collaboration with neighborhood representatives. The study area is bounded by University Boulevard on the west, St. Cyr Avenue (and its alignment between University Boulevard and Columbia Drive) on the north, Columbia Drive south to Kathryn Avenue, then west to the eastern boundary of the Loma Linda Community Center Parcel alignment (between Kathryn Avenue and Vail Avenue), east on Vail Avenue to Girard Boulevard and south to Gibson Boulevard."

http://www.WelcomeHomeABQ.com
http://www.welcomehomeabq.com/downtown-unm-albuquerque-nm.htm

Albuquerque event calendar - : "Fall concert of the Albuquerque Philharmonic featuring works by Brahms, Bernstein, and Mendelssohn, guest conducted by Doug Dunston."




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A cheap vacation in Albuquerque? You can bet on it - 10/20/2007 - MiamiHerald.com:
"BY ANDREA SACHS
Washington Post Service

ALBUQUERQUE -- It might be uncouth to say how much one spends on vacation, but for Albuquerque, I have no shame. Here's a sampling of my budget: • Petroglyph National Monument: $1. • Pumpkin empanada at Golden Crown Panaderia: 85 cents. • Tango dancing at Kelly's Brew Pub: free. • ambling at Santa Ana Star Casino: $1 down, $50.15 gain. AAA wasn't kidding when, a few months ago, its annual vacation costs survey ranked the central New Mexico destination as the least expensive American city in which to spend your recreational dollars. With an average hotel room rate of $97.41 and an average food cost of $67.64 for a family of four, the Duke City's $165.04 daily expenditure beat out Wichita ($168.97), Oklahoma City ($181.02) and Omaha ($193.63). (For sadistic spenders, Honolulu topped out as the most expensive locale, with an average daily cost of $583.66.)"

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ABQjournal West_News: EPC Endorses Lot Changes: "Friday, October 19, 2007 EPC Endorses Lot Changes By Rory McClannahan Journal Staff Writer The city's Environmental Planning Commission on Thursday recommended the City Council adopt changes to the Volcano Heights Sector Development Plan that are needed for a housing development to move forward."
Registration Required

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By Gary Herron, Observer staff writer
400,000 ballots being mailed out to seek your vote on value of higher education.More than 400,000 ballots are being mailed out for the Central New Mexico Community College (CNM) election this month and the thirty-plus thousand voters living north of Northern Boulevard will ultimately determine the outcome - and whether or not CNM builds a campus in Rio Rancho, a few hundred yards east of the new City Center.... The Observer Online


Rio Rancho Real Estate and Rio Rancho Land... http://www.welcomehomeabq.com

Manufacturer looks at NM to build fuel-friendly three-wheeled vehicle - New Mexico Business Weekly:

Los Angeles-based Venture Vehicles Inc. is building a motorcycle-like tri-wheeler that will seat two passengers and run on both biofuels and electricity. The company is focusing on Los Angeles and Albuquerque for a site for its first assembly plant to employ at least 100 workers in the first few years of operation, said CEO Howard Levine.

"We're looking for real estate now in southern California and New Mexico," Levine said. "Those are the top two sites on our list of potential locations."


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5 one acre parcels for a total of 5 Acres with huge views!! Fairly close to the utilities on Rainbow. West of the new downtown. Fun well kept dirt track currently located on the property. MUST SEE!!

Outstanding price at $100000.00

Directions:
From Rainbow and Northern go North on Rainbow, turn left on Vista Road. These 5 lots are on the North, Northeast side of the road where Vista Road turns north. Across from RC Park. See Plat Map.

See Map with Photos
See Virtual Tour
See more Information


http://www.welcomehomeabq.com/rio-rancho-land.htm
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Labels: Rio Rancho Land

Affordable, infill housing begun in Albuquerque's Trumbull Village : Local : Albuquerque Tribune

By Lorinda Toledo (Contact)Thursday, October 18, 2007

For more than a decade, the residents and landlords of Trumbull Village have relentlessly fought off the drug dealers and gangs that threatened their Southeast Heights neighborhood.

On Wednesday, Trumbull residents won another victory in their efforts to clean up the streets and spruce up their part of town.

Albuquerque Mayor Martin Chavez and city employees joined village residents...

http://www.welcomehomeabq.com

AMREP Corporation Reports Completion of Share Repurchase Program and Announces Additional Share Repurchase Program

October 08, 2007: 08:00 AM EST
PRINCETON, N.J., Oct. 8 /PRNewswire-FirstCall/ -- AMREP Corporation today reported that it has completed its 500,000 share Common Stock repurchase program announced on July 16, 2007, reducing its number of outstanding shares to 6,153,612. The 500,000 shares were purchased in open market transactions for a total purchase price, including commissions, of $15,933,000, or an average of $31.87 per share.



http://www.welcomehomeabq.com/rio-rancho-land.htm

Tesla Motors may expand plans for assembly plant on West Side : Local : Albuquerque Tribune:
By Erik Siemers (Contact)Wednesday, October 17, 2007 "Tesla Motors' plans to build an assembly plant in Albuquerque for its battery-powered sedan may be growing. Officials with the San Carlos, Calif., electric car company will be in Albuquerque today to discuss details about the $50,000, four-door WhiteStar sedans it plans to build at a yet-to-be-built assembly plant on the West Side."

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UNM to develop North Golf Course - News

by Jeremy Hunt
Daily Lobo

"Residents of the North Campus area want to stop the University from developing a nearby golf course, but it appears to be a lost cause. "We're going to move ahead with the retirement community for the North Golf Course with participation with the neighborhood association," said Jamie Koch, president of the Board of Regents."...


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Labels: Albuquerque Real Estate

Is Your Office Making You Sick? - Forbes.com

Rebecca Ruiz 10.17.07, 12:01 AM ET

If you're a member of corporate America, chances are you've got access to a state-of-the-art gym, a gourmet cafeteria and an array of wellness services, including health risk assessments, telephone and Web-based consultations, and weight-loss programs.
Some companies are taking workplace wellness a step further. Sandia National Laboratories maintains a fleet of bicycles on its 400-acre campus...


Kirtland Air Force Base and Sandia Labs Housing visit... http://www.welcomehomeabq.com/

Housing Bubble and Real Estate Market Tracker - Seeking Alpha

"Some Housing Markets Seeing Strength (Inman News, Oct. 15th): "Veros Real Estate Solutions forecasts the top five strongest housing markets in terms of price growth through Q2'08 to be: Raleigh-Cary, N.C., at 7% growth; Austin-Round Rock, Texas, at 6%; Charlotte-Gastonia-Concord, N.C.-S.C., at 6%; Salt Lake City, Utah, at 6%; and Albuquerque, N.M., at 5%..."


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School district and housing developers work hard to keep up with growth : Local : Albuquerque Tribune

By Susie Gran (Contact)Monday, September 24, 2007

When the Pearson family moved to Ventana Ranch in 1998, they looked forward to watching an elementary school sprout in a vacant lot a block and a half away from their house.

They looked forward. And they looked forward some more. Their three children moved on to middle school and high school....

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North I-25 Sector Development Plan Public Meeting - Official City News: "The Planning Department is working to refine the update of the Sector Development Plan for the North I-25 area in collaboration with neighborhood representatives. The study area is bounded by Edith Boulevard and the North Diversion Channel on the west, the sovereign line of Sandia Pueblo on the north, Louisiana Boulevard on the east and San Bernardino Venue and Paseo del Norte on the south."

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Inman Real Estate News - California Realtors approve plan for statewide database and MLS

The Albuquerque MLS covers central New Mexico. It will be in interesting to see how this works and if we look at this for New Mexico.


For more information on Albuquerque Real Estate and Rio Rancho Land visit... http://www.welcomehomeabq.com/

Inman Real Estate News - Some housing markets seeing strength

For more information on Albuquerque and Albuquerque Real Estate visit... http://www.welcomehomeabq.com/

How To Sell Your Home In Today's Failing Housing Market

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Labels: Albuquerque Real Estate

2007 Homes of Enchantment Parade

The the annual Parade of homes is here. Every year we see spectacular homes and incredible design ideas. I have already seen a few of the homes and they did not disappoint. When you look at the map and the number of homes on the parade it can be overwhelming. Just pick a few in your area, and if you get excited keep going. The link above has maps and additional information as well as the list of participating builders.

Go out and have fun.

Tego Venturi

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Labels: Albuquerque Real Estate

NAR: Improvement in Mortgage Market Bodes Well for Housing in 2008

WASHINGTON, October 10, 2007 - Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.

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Labels: National Real Estate News

Officials Discuss Energy Development

Air Force Print News October 10, 2007
WASHINGTON -- Air Force officials announced their intent to lease underutilized Air Force property and apply other tools to attract the support of private industry for energy projects at installations during an industry forum in September in Ontario, Calif.
The Air Force Enhanced Use Lease Energy Industry Forum brought more than 170 representatives from private industry,...

http://www.welcomehomeabq.com/military.htm

Labels: Kirtland Air Force Base

America's Most Pet-Friendly Cities - Forbes.com

For more information on Albuquerque and Albuquerque Real Estate visit... http://www.welcomehomeabq.com/

Labels: Albuquerque Real Estate

South Yale Sector Development Plan Public Meeting - Official City News


Posted: October 09, 2007

South Yale Sector Development Plan Public Meeting

Heights Community Center823 Buena Vista Drive SE6:00 – 8:00 p.m.Wednesday, November 7, 2007The Planning Department is working to create a Sector Development Plan for the South Yale area in collaboration with neighborhood representatives. The study area is bounded by University Boulevard on the west, St. Cyr Avenue (and its alignment between University Boulevard and Columbia Drive) on the north, Columbia Drive south to Kathryn Avenue, then west to the eastern boundary of the Loma Linda Community Center Parcel alignment (between Kathryn Avenue and Vail Avenue), east on Vail Avenue to Girard Boulevard and south to Gibson Boulevard.

http://www.welcomehomeabq.com

Labels: Albuquerque Real Estate