Government Affairs
Mortgage applications shot up 21 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. On an unadjusted basis, applications rose 23.5 percent.
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Tax Credit Deadline Approaching
Posted on Feb 08th, 2010
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
•• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
•• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
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2009 Year End Home Sales Report
Posted on Feb 02nd, 2010
The Greater Albuquerque Association of REALTORS® tracks sales figures and other statistical data for the Albuquerque housing market and the surrounding area. In all there were five months where closed sales improved from 2008 figures and six months where pending sales also increased. There were also five MLS areas in the Greater Albuquerque Metro experiencing an increase in the average sales price from 2008.*
*Figures are based on both single-family detached & attached homes.
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Latest Headlines
Mortgage Applications Jump Last Week
Posted on Feb 04th, 2010Field Guide to Short Sales
Posted on Feb 03rd, 2010
What is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. Click on the link to find out more from NAR's Short Sale Field Guide.
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Local Events
2009-2010 Albuquerque Thunderbird Basketball Home Schedule
Posted on Jan 21st, 2010
Friday January 22 Bakersfield Jam 7:00 PM Saturday January 23 Idaho Stampede 7:00 PM Thursday January 28 Dakota Wizards 7:00 PM Saturday January 30 Dakota…
USA Track & Field Indoor Championships
Posted on Dec 21st, 2009
USA Track & Field Indoor Championships 2/27/10 - 2/28/10 Address: Albuquerque Convention Center Location: Downtown Phone: 768-4575 http://www.usatf.org…
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Latest Number Crunch
Skip Adams, CSP wrote:Albuquerque never gets too high or too low. No wonder…
in entry 'Housing at Its Most Affordable…'.
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This sounds like we will get more control of our listing…
in entry 'New ListHub Benefits for GAAR Members!'.