| Venturi Team's Albuquerque Real Estate Blog
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Friday, February 29, 2008
ABQjournal Homes: '08 May Be Good for Home Buyers: "The year 2007 was a banner one for home sellers in the Albuquerque area, with houses fetching the highest prices on record. But if January sales numbers are an accurate forecast, 2008 will be more favorable for the buyer." Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Real Estate Blog
Freddie Mac's Primary Market Mortgage Survey30-Year Avg: 6.24 , 30-Year Pt: 0.5 , 15-Year Avg: 5.72 , 15-Year Pt: 0.5 , 5/1-Year Avg: 5.43 , 5/1-Year Pt: 0.4 , 1-Year Adj: 5.11 , 1-Year Pt: 0.7 Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Real Estate Blog
Wednesday, February 27, 2008
ABQjournal Metro: Village Creates Working Pasture: "Los Ranchos de Albuquerque residents take pride in their pastoral way of life, but it won't stay that way on its own. The village has enacted zoning laws to keep out high-density development, and now almost 50 acres north of Paseo del Norte between Rio Grande and Fourth NW is being transformed into a working pasture and wildlife habitat." Albuquerque Home SearchAlbuquerque Real Estate News
Saturday, February 23, 2008
ABQjournal West_News: Approval of SunCal Bonds Hits An Impasse: "A state senator appears to have derailed a major West Side developer from the fast track to state incentives.
Sen. Cisco McSorley, D-Albuquerque, filibustered House Bill 276, which would have approved the sale of bonds to reimburse California-based SunCal for roads and other infrastructure.
The bonds would have been worth about $629 million.
SunCal has already sunk at least $250 million into the development and plans eventually to develop more than 55,000 acres— an area slightly larger than the city of Las Cruces."
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Real Estate NewsLabels: Albuquerque Real Estate, Westside
ABQjournal West_News: Council Explains Decision on Zoning" The Village Council has released a Findings, Conclusions and Decision of the Governing Body document to explain why it approved a zone change that will put a charter school in a northern Corrales neighborhood. The council says in the document, among other things, that a neighborhood is a good place for a school. Corrales International School plans to open this fall in a house on a 4.6-acre plot near the intersection of Corrales Road and Camino Todos los Santos."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Real Estate BlogLabels: Corrales
Thursday, February 21, 2008
REALTOR® Magazine-Daily News-Builder Confidence Rises Slightly: "Builder confidence in the market rose in January, according to the National Association of Home Builders//Wells Fargo Housing Market Index. The index, which gauges current sales conditions for single-family homes, rose one point to 20, while the index gauging sales expectations for the next six months declined one point to 27. Meanwhile, the index gauging traffic of prospective buyers rose five points to 19, its highest level since July of 2007. The overall optimism was driven by increasing traffic of prospective buyers through model homes, the association reported." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Real Estate NewsLabels: Albuquerque New Homes, National Real Estate News
KB Home earns national certification - New Mexico Business Weekly:: "KB Home has become the first builder nationally to earn certification for quality building practices from NAHB Research Center, a third party organization. All KB Home affiliates across the country have been certified under the National Housing Quality (NHQ) Certified Builder Program of the National Association of Home Builders Research Center (NAHB). KB Home has become the first builder nationally to earn certification for quality building practices from NAHB Research Center, a third party organization. All KB Home affiliates across the country have been certified under the National Housing Quality (NHQ) Certified Builder Program of the National Association of Home Builders Research Center (NAHB)." Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Real Estate BlogLabels: Albuquerque New Homes
Tuesday, February 19, 2008
KOB.com - Albuquerque Studios to manage Barelas railyard: "Albuquerque Studios says they will finish two new stages and a 50,000 square foot building that will be used for office space and set construction. Studio officials say they are building the new stages because of a growing demand for production space. The stages will be completed by June." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Real Estate NewsLabels: Albuquerque Business
ABQjournal Metro: Environmental Cleanup of the De Anza Motor Lodge May Begin This Spring: "Many who pass by know the De Anza Motor Lodge on Central has been fenced off and boarded up for some time. But some noticeable action toward reusing the site could finally take place. City officials say the environmental cleanup of the historic site could start in spring, and the phased-in redevelopment could commence by the fall." Albuquerque MLSThe Albuquerque Real Estate BlogLabels: Albuquerque Development
Sunday, February 17, 2008
ABQjournal Homes: Rancho Valencia Has Unobstructed Views and a Variety of Builders: By Jane Mahoney For the Journal Los Lunas continues its southern expansion with the new Rancho Valencia subdivision featuring sweeping views of the Rio Grande Valley and the Manzano Mountains...
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Real Estate BlogLabels: Albuquerque New Homes
Friday, February 15, 2008
NAR: Research: Metropolitan Median Prices: "Metropolitan Area Existing-Home Prices Quarterly Reports NAR releases statistics on state-by-state existing-home sales and metropolitan area median home prices each quarter. The state existing-home sales report includes single-family houses, condos and co-ops. The price report reflects sales prices of existing single-family homes by metropolitan statistical area (MSA). Beginning on February 15, 2005, this quarterly report includes a breakdown of condo and co-op prices by metro market. MSAs are as defined by the U.S. Office of Management and Budget and include the specified city or cities and surrounding suburban areas. Current report — Single-family 4th Quarter 2007 (108K PDF file)"
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Albuquerque Real Estate
REALTOR® Magazine-Daily News-Congress Moves to Boost Housing: "Congress is eyeing more incentives as ways to address problems in the housing market — a growing issue in this contentious election year. Top Democrats, who successfully backed the just-passed economic-stimulus bill, say they will push through a second measure that — among other things — will allow bankruptcy judges to alter the terms of certain mortgages. Another measure under consideration is a tax break allowing companies with operating losses this year or the two previous years to apply them to past years for a refund. This idea is popular with home builders. A third proposal would allot an additional $10 billion in bonding authority so housing-finance agencies can give more help to people refinancing subprime loans or first-time buyers. President Bush recently backed this idea. Lawmakers also are considering $4 billion in block grants so localities with high foreclosure rates can buy and rehabilitate unoccupied property and $200 million for pre-foreclosure housing counselors."
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: National Real Estate News
Freddie Mac's Primary Market Mortgage Survey Previous week ( ending February 7, 2008 ) 30-Year Avg: 5.67 , 30-Year Pt: 0.4 , 15-Year Avg: 5.15 , 15-Year Pt: 0.4 , 5/1-Year Avg: 5.21 , 5/1-Year Pt: 0.4 , 1-Year Adj: 5.03 , 1-Year Pt: 0.5
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Mortgage News, National Real Estate News
Thursday, February 14, 2008
Los Ranchos board nixes rehab center: "LOS RANCHOS DE ALBUQUERQUE, N.M. (KRQE) - The fight over a rehab and recovery facility in this upscale village has gotten heated, but owners couldn't stop village officials from pulling the plug on the facility's business license. Los Ranchos de Albuquerque is an independent village nestled in Albuquerque's North Valley."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: New Mexico, North Valley
The sun rises on the Indian Pueblo Cultural Center's new entrance: "Albuquerque, NM – A new two-story east entrance to the 32-year-old Indian Pueblo Cultural Center (IPCC) will begin to emerge this month thanks to the state of New Mexico. The $2 million project adds close to 19,000 sq. ft. to the main building including 15,000 for the interior and 3,893 square feet of covered patio and portales."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Business
West Central MRA Expansion Meeting - Official City News: PUBLIC NOTICE This is to notify all property owners that the Albuquerque Metropolitan Redevelopment Agency is expanding the West Central Metropolitan Redevelopment Area designation. The proposed MRA Expansion will be heard by the Land Use Planning and Zoning Committee of the Albuquerque City Council. WHERE: City/County Building One Civic Plaza NW City Council Committee Room, 9TH FLOOR Albuquerque, NM 87102"
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Albuquerque Real Estate
Near Heights MRA Expansion Meeting - Official City News: PUBLIC NOTICE This is to notify all property owners that the Albuquerque Metropolitan Redevelopment Agency is expanding the Near Heights Metropolitan Redevelopment Area Designation. The proposed MRA expansion will be heard by the Land Use Planning and Zoning Committee of the Albuquerque City Council. WHERE: City/County Building City Council Committee Room, 9th Floor One Civic Plaza NW Albuquerque, NM 87120 WHEN: Wednesday, March 12, 2008, 5:00 p.m."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Real Estate
ABQjournal Metro: Proposed Equestrian Center Will Be Delayed to Allow for Changes in the Area's Master Plan: "A multimillion-dollar equestrian center the state hoped to open later this year at Mesa del Sol has been delayed because the 200-acre facility requires changes to the recreation area's master plan."
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Albuquerque Real Estate
Wednesday, February 13, 2008
Tuesday, February 12, 2008
Westside Blvd. Should Open Within Two Months: 'There is finally a light at the end of a very long tunnel. The construction of Westside Boulevard between N.M. 528 and Golf Course Road is anticipated to be finished and the road opened in about three weeks, Rio Rancho spokesman Peter Wells said."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Development
Monday, February 11, 2008
ABQjournal Business: South Valley Zoning Proposal Has Industrial Businesses Worried: "A South Valley fight over zoning could radically alter industrial development throughout the Albuquerque metro area. A proposed land-use plan for the area discourages future industrial uses, including warehouses, in the area between the Rio Grande and Interstate 25."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Development
Sunday, February 10, 2008
Congress Approves 2008 Stimulus Plan - Benefits For FHA Loans — The Real Estate Bloggers: "home Congress Approves 2008 Stimulus Plan - Benefits For FHA Loans February 8th, 2008 Real Estate Congress approved an economic Stimulus plan that should benefit those trying to sell their homes in high prices areas. The increase in Fannie Mae and Freddie Mac limits from the present limit to as high as $729,750 will enable homeowners to save on their mortgages. The combined ease of the approval process and the nearly 1 percent lower interest rate should stimulate homes sales across the country"
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: National Real Estate News
Saturday, February 9, 2008
KRQE - Albuquerque, New Mexico - News, Video, Weather Forecast, Sports, Community, Health, Homes KBIM - KREZ Real Estate Transfer Tax Ban Blocked: "An effort by the city of Santa Fe to tax certain real estate sales to help the less fortunate afford housing may run into an obstacle: Senate Bill 160. The legislation, sponsored by Senator John Grubesic, (D) Santa Fe, would 'prohibit municipalities from taxing real property sales,' according to the Legislative Finance Committee, or LFC."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Real Estate
Friday, February 8, 2008
KOB.com - Ground broken on Unser Blvd expansion: "State of New Mexico and City of Albuquerque officials turned over symbolic spades of dirt Friday morning to mark the beginning of the expansion of a major north-south arterial on the city’s growing West Side."
Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Albuquerque Development
Freddie Mac's Primary Market Mortgage Survey: "Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.67 percent with an average 0.4 point for the week ending February 7, 2008, down slightly from last week when it averaged 5.68 percent. Last year at this time, the 30-year FRM averaged 6.28 percent. The 15-year FRM this week averaged 5.15 percent with an average 0.4 point, down from last week when it averaged 5.17 percent. A year ago at this time, the 15-year FRM averaged 6.02 percent."
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: National Real Estate News
Thursday, February 7, 2008
Get the Word Out: It’s a ‘Good Time to Buy’ RISMedia: "Realogy runs second ad campaign in two years promoting positives of housing market By Beth McGuire RISMEDIA, Feb. 8, 2008–”It’s a good time to buy real estate.” That’s the message Realogy, the nation’s largest real estate franchisor, wants agents to broadcast to buyers across the country. The company is spreading the word through a national advertising campaign in USA Today, which began this past Wednesday and will run again on Feb. 13th and 20th. This is Realogy’s second national push in as many years to take a strong stance against the barrage of negative press directed toward the real estate industry over what is reported as the declining condition of the housing market."
Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Home Buying, Real Estate
Mountain View Telegraph: Editorial: Tax Protection Erases Equity: "A very good argument can be made for protecting homeowners from tax bills inflated by the vagaries of the real estate market. In fact, the argument was made in 2001, and the Legislature capped property valuation increases at 3 percent a year. That was good, especially for fixed-income retirees whose property values were rising on a rip tide, but who didn't want to sell the family homestead to pay the tax bill. Not so good for the people who buy the family homestead when the old folks finally sell, because the county assessor makes up for lost time by jacking the valuation up to at least 85 percent of the market value." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: New Mexico Real Estate
Wednesday, February 6, 2008
New Mexico Mortgage Applications Up 80% at Charter Mortgage as Rates Reach 4-Year Low: "ALBUQUERQUE, N.M., Feb. 6 /PRNewswire/ -- Charter Mortgage, the state's leading mortgage lender, reports that the number of New Mexico mortgage applications it received in January was up 81 percent from December. Charter took applications for 708 mortgages from across the state in January, up from 391 applications in December, 2007. Applications were up 19 percent from January, 2007, when Charter received applications for 595 mortgages statewide." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Mortgage News
Tuesday, February 5, 2008
Countrywide Offers Online Tools for Planning Your Financial Goals: "Calabasas, CA (Vocus/PRWEB ) February 5, 2008 -- As we approach tax season, it’s a perfect time to make a commitment to achieving personal financial goals. Start out by setting goals, then create a spending plan that helps you manage money, identify potential savings and get on the right track to achieve those goals. Consumers eager to access online tools and information about money management, budgeting, saving and more, can do so at Basic Finance, a component within Countrywide’s comprehensive no-cost, no-obligation Home Ownership Mortgage Education program (H.O.M.E.). It’s much easier to manage your money when you have a goal in mind, and budgeting and saving is easier than you may think, especially when you use tools that help you keep track of spending, savings and progress toward your goals. In the Basic Finance component of the H.O.M.E. program, consumers can access tools, such as: Sample Spending Plan — a downloadable worksheet that helps you identify monthly income and monthly expenses, so that you have a realistic idea of your financial circumstances. This plan can serve as a blueprint to help you understand what you need to do with your money in order to be on track to achieve your financial goals. Daily Spending Diary — a downloadable worksheet that helps you track your spending and identify areas where you could save. The worksheet can show small, miscellaneous purchases, such as coffee and snacks that add up over time. It also inspires you to save by eliminating or cutting back on just one or two of them. Savings Strategies — tips on how to save money each month, a crucial step to achieving your short-term and long-term goals and dreams." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Mortgage News
Monday, February 4, 2008
Can we tour your 'green' home? - New Mexico Business Weekly:: "The New Mexico chapter of the U.S. Green Building Council is looking for sustainable homes in the state to feature on its ninth annual GreenBuilt Tour. The New Mexico chapter of the U.S. Green Building Council is looking for sustainable homes in the state to feature on its ninth annual GreenBuilt Tour." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Green Building
Builder introduces new line of retirement homes in Los Lunas - New Mexico Business Weekly:: "The Jubilee Los Lunas active adult community soon will offer a line of affordable retirement homes called the Emerald Series. The series offers a variety of plans and amenity packages to home buyers considering the community immediately south of Albuquerque, with prices starting in the mid-$170,000s. The Jubilee Los Lunas active adult community soon will offer a line of affordable retirement homes called the Emerald Series. The series offers a variety of plans and amenity packages to home buyers considering the community immediately south of Albuquerque, with prices starting in the mid-$170,000s." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: Albuquerque New Homes
ABQjournal Metro: How Your Furnace Could Burn You: "Replacing that broken furnace is about to get more expensive in Albuquerque. Requirements that go into effect April 1 call for homes to have 90 percent efficient furnaces. The rules apply to new homes or people who replace the furnace in their existing home. Opponents say that the city is going too far and that they may challenge the regulation in court." Albuquerque MLSThe Albuquerque Real Estate BlogLabels: Albuquerque Real Estate
Sunday, February 3, 2008
Freddie Mac's Primary Market Mortgage Survey for 1/31/08
Freddie Mac's Primary Market Mortgage Survey: "McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.68 percent with an average 0.4 point for the week ending January 31, 2008, up from last week when it averaged 5.48 percent. Last year at this time, the 30-year FRM averaged 6.34 percent." Albuquerque NM Real EstateRio Rancho Real Estate Blog
Albuquerque Reeal Estate BlogLabels: Mortgage News
How to Get Top Dollar for Your Home in This Market
Good Advise... ABQjournal Homes: Get Top Dollar for Your Home: "The local housing market didn't see many dramatic changes in the last month of 2007, though the latest statistics do show a continuing decline in the number of homes for sale. Active listings in December numbered 5,523, down from a peak of more than 6,000 in August, according to the Greater Albuquerque Association of Realtors." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: abqjournal, Albuquerque Real Estate, Home Selling
Albuquerque Builders Join to Create An All-Green Community on the Westside
ABQjournal Homes: Builders Join to Create An All-Green Community: "The custom-built development of La Cuentista may be the first 'all green' community in Albuquerque, designed to exist in harmony with its surroundings and the environment. Skimming the escarpment on Albuquerque's West Side, phase one of La Cuentista, now under construction, will include 140 custom homes by seven local builders who all have pledged to meet at least the minimum requirements for certification by Build Green New Mexico, a division of the Home Builders Association of Central New Mexico." Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: abqjournal, Albuquerque Real Estate, Green Building
Saturday, February 2, 2008
What Fed cuts really mean for mortgages
Inman Real Estate News - What Fed cuts really mean for mortgages: "Contrary to the conviction of deeply confused civilians and reports by lazy news media, mortgage rates are unchanged, about 5.75 percent for the lowest-fee 30-year paper. If you don't believe me, visit www.freddiemac.com and its weekly survey. It is unbiased by sales jive, although it suffers from 'survey lag' (early-week data released on Thursdays always misses real-time reality), and assumes a fractional origination fee. Last week's '5.48 percent' captured the one-day hysterical bottom when the industry could not log onto rate-lock Web sites. Yesterday's '5.68 percent plus 0.4 percent origination' is still about right, and all but identical to the prior week's '5.69 percent plus 0.5 percent.'" Albuquerque Real EstateRio Rancho Real Estate News
Albuquerque Reeal Estate NewsLabels: abqjournal, Home Buying, Mortgage News
Friday, February 1, 2008
Something to Do in Albuquerque
Something to Do - February 1, 2008 - Duke City Fix: "Something to Do is the weekly calendar of arts events compiled by the Arts Alliance!" WelcomeHomeABQ.com - Albuquerque Real Estate, Albuquerque MLS, Search all Albuquerque Homes for Sale.
Rio Rancho Land Blog - News and Information on Rio Rancho Real Estate, Rio Ranco Land.Labels: Albuquerque Events
Paseo Traffic Fixes Floated
ABQjournal West_News: Paseo Traffic Fixes FloatedWe are going to need more bridges as Albuquerque grows. As the article says… everyone knows we need them, but we have a “not in my backyard” problem. At least we are talking about it... WelcomeHomeABQ.com - Albuquerque Real Estate, Albuquerque MLS.The Albuquerque Real Estate Blog - Albuquerque Real Estate News.Labels: abqjournal
ABQjournal Business: Steps to Avoiding the Financial Danger Zone
Here is an article with some great advice on not using more credit that you should. People buying “too much” house as caused allot of the credit mess we are in right now. Luckily the Albuquerque Real Estate market has not had the problems like other housing markets. But… just because the mortgage company says you can afford it… ABQjournal Business: Steps to Avoiding the Financial Danger Zone: " Credit can be an important financial tool, especially for people who are trying to start or grow a small business. Credit can be used to buy inventory, finance the start-up of a business, or make purchases for large-ticket items like equipment or office space."Albuquerque NM MLSLabels: abqjournal, Real Estate
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