Government AffairsREALTOR® Comments
Eloise A. Gift wrote:
The statistics for August are encouraging. Maybe we shouldn't start dancing in the streets just yet, but the figures are unambiguous about the trend of market.
in entry 'August 2009 Market Report'.
Steve Murtha wrote:
People who might be eligible for this essentially "free money" from Uncle Sam, need to be in touch with a reputable Realtor, pronto! In the most normal of circumstances, a well-qualified prospective homeowner can expect a minimum of 30-45 days turnaround from contract to closing---sometimes longer and of course, that would crowd into the less than 90 days remaining in which to earn the tax credit. In the most typical price ranges of homes that these buyers will target, a significant percentage of the available inventory, are "pre-foreclosure" or "short sale" properties....the sale of which is subject to an extensive and agonizingly slow and bureacratic approval process, by the existing mortgage holders/banks. That puts more pressure on your agent's ability to find a property that you'll like, that you can actually close on within the deadline, that are not hung up in legal limbo! And as mentioned in the article, despite efforts to extend the benefit, there are no guarantees that it will be---witness the recent demise of the "Cash for Clunkers" program. The old adage rings never more true and loud, "time is of the essence"!
in entry 'Home Buyer Tax Credit Countdown Begins'.
Richard J. Cederberg, ABR wrote:
Hmmm, I think the tax credit ends in about 90 days, not 60 days. Either way, however, the clock is definitely ticking. Buyers need to get motivated and make offers soon and should plan to put the home they want into escrow before November 1.
in entry 'Home Buyer Tax Credit Countdown Begins'.
Jeanette R. Harmon wrote:
Encouraging news from NAR chief economist Lawrence Yun! Love the plug on paragraph 7 about the REALTORS being the best resource for consumers in these changing market conditions!
in entry 'Strong Gain in Existing-Home Sales Maintains Uptrend'.
Eloise A. Gift wrote:
This area has great appeal for clients because of the amenitie, its new and older neighborhoods, choice of big or small homes, detached and condos/townhomes,and even the occasional 1-acre lot there in the heart of the city. Most of my buyers who request this area, however, tell me they are drawn to the neighborhood because of its ease of access to I-40.
in entry 'Area Spotlight - MLS Area 111 – Ladera Heights'.
Eloise A. Gift wrote:
Recognizing that real estate is local, it is significant that this nationwide report also confirms that all regions are reflecting the a increase in sales. Cheers for those first-time homebuyers who are able to take advantage of the tax credit and help the market rebound.
in entry 'Strong Gain in Existing-Home Sales Maintains Uptrend'.
Kim M. Lightfoot wrote:
This has been a great opportunity for first time home buyers. I have been able to help several with this great program I encourage people that want to buy, now is the time with interest rates historically low as well!!
in entry 'First-Time Buyers - Act Quickly, Tax Credit Expires Soon'.
Kim M. Lightfoot wrote:
This is the type of market that we are in....it is all about location, condition and overall PRICE. The proof is in this article that Albuquerque has 22% of active listings with price adjustments...one of the reasons properties are moving!
in entry 'Sellers Continue to Cut Prices'.
Tanya Guzman wrote:
This is wonderful news...Not only rated earlier this year as Forbes' #1 real estate market for the year but also the strength our market continues to show month after month....Go Albuquerque!!
in entry 'Hot Market: Pendings Push Albuquerque Up Month by Month'.
Sean C. Remington, ABR wrote:
This article is a direct reflection of the undercurrent I am feeling actively selling out in the field. It is refreshing that my listings - even the ones over $300,000 - are moving again. Sure, they aren't selling within 2 weeks with multiple offers, but at least they are not failing sale altogether. Keep up the great stats, Albuquerque! Thanks GAAR for sharing this~
in entry 'Hot Market: Pendings Push Albuquerque Up Month by Month'.