Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
National home prices jumped a substantial 3.6% in the past year, according to the S&P/Case-Shiller Home Price Index released on Tuesday. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter.
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GAAR Raises $5,000 for APS Homeless Students Project
Posted on Aug 27th, 2010
The Greater Albuquerque Association of REALTORS® presented a $5,000 donation to Helen Fox, liaison for the Albuquerque Public Schools Title-1 Homeless Students Project. The money was raised during a recent charity event. APS estimates there are more than 5,000 homeless students in the Albuquerque Public Schools system. The donation was matched by the Bank of Albuquerque. The Greater Albuquerque Association of REALTORS® has donated $30,000 in the past nine months to the Homeless Students Project in addition to holding a number of food and clothing drives.
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Freddie: Mortgage Rates Down Again; 30Yr Fixed At Record 4.36%
Posted on Aug 26th, 2010
The 30-year fixed-rate mortgage averaged 4.36% for the week ended Thursday, down slightly from the prior week's 4.42% average and 5.14% a year ago. The 30-year rate sits at its lowest point since Freddie began tracking it in 1971 and has set or remained at record-low levels for 10 straight weeks.
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Home prices gain 3.6% in past year
Posted on Aug 31st, 2010Area Spotlight - MLS Area 110 - Northwest Heights
Posted on Aug 30th, 2010
Area 110 is located on the Westside of Albuquerque, moving west from the Rio Grande River to the volcanic peaks visible from the rest of the city. This includes parts of Albuquerque, Taylor Ranch, Paradise Hills and newer developments near the Petroglyphs. The Area boundaries are defined as east of Paseo del Volcan, South of Paseo del Norte, West of Coors Blvd and North of Unser Blvd.
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GAAR in New Mexico Business Weekly
Posted on Aug 24th, 2010
Home sales nationally reflected Albuquerque’s slowing market in July, after the expiration of the home buyer tax credits. Nationally, existing-home sales were 27 percent lower in July, while the greater Albuquerque metro recorded a 24 percent decline.
“Savvy homebuyers with good credit scores and money to put down took advantage of the income tax credit deadline accelerating sales into April and earlier. During previous years, these same families would have waited until the summer months,” said Mark Pando, president of the Greater Albuquerque Association of Realtors.
“Savvy homebuyers with good credit scores and money to put down took advantage of the income tax credit deadline accelerating sales into April and earlier. During previous years, these same families would have waited until the summer months,” said Mark Pando, president of the Greater Albuquerque Association of Realtors.
RANM Releases July State Sales Report
Posted on Aug 24th, 2010
After a strong showing of home sales in New Mexico during June, the pace has dropped off in July, while median price continues a slow upward trend.
1,109 single family house sales were reported to the REALTORS Association of New Mexico (RANM) during July. This number is nearly 24% less than the June total of 1,455 and lower than the activity of both July 2008 (1,474 sales) and July 2009 (1,434).
1,109 single family house sales were reported to the REALTORS Association of New Mexico (RANM) during July. This number is nearly 24% less than the June total of 1,455 and lower than the activity of both July 2008 (1,474 sales) and July 2009 (1,434).
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Daniel E. Gross wrote:What about creating legislation that would legally…
in entry 'June 30 Closing Date May be Extended'.
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This article is extremely helpful for Brokers to use…
in entry 'July Talking Points'.