Last Free Rides to Santa Fe

Homebuyers Tax Credit Update
All potential homebuyers in New Mexico and across the nation have reason to be hopeful.The Senate unanimously approved the extension of the first-time homebuyer’s tax credit and Congress voted 403-12 to pass the bill which is now before President Obama for signature. He is expected to sign the bill within a day or two. The tax credit of $8,000 that was scheduled to expire at the end of this month is now extended to April 30, 2010 and in addition, creates a $6,500 credit for existing property owners who sell a home and buy another during the same period of time. Current homeowners must have been living in their current residence for five consecutive years. Qualifyin

Foreclosure Not the Only Solution - You have Options
Are you  or someone you know having difficulty keeping up with mortgage payments? Foreclosure is not the only solution. Through the Making Home Affordable Program, you can seek to refinance or restructure your loan. Learn oabout the alternative, the Short Sales/Deeds-In-Lieu Program. It will be necessary to work with your lender. Help may be just a phone call or a click away.  To find our more:

Cold Snap no Setback for Golf Tournament
The morning dawned unusually cold for the season and many of us thought it might be too cold to venture out for the Greater Albuquerque Chamber of Commerce annual Links for Literacy tournament. But players turned up as scheduled and volunteers registered them on the pavillion of the Sandia Resort golf course warmed by outdoors gas-powered heaters.In true Albuquerque fashion, the clouds lifted and the sun came out. By noon when the golfers took off accompanied by six-year-old first-grader, golf phenomenon Austin Jet, the heaters were turned off and the day was already turning toasty warm. The reliability of good weather is only one of the reasons for Albuquerque bein

Market Update Albuquerque, New Mexico
Third Quarter 2009Albuquerque and Rio Rancho first-time home buyers jumped off the fence July to September to help drive the number of single-family, detached, residential sales for the period higher 3.75 percent higher than sales during the same period in 2008. Most likely, their strong motivation was continuing low interest rates, lower prices, tax stimulus incentives and a sense of urgency that these favorable conditions may not last much longer, especially with the stimulus incentive scheduled to end November 30.One definite advantage of the surge in sales was that with 13.74 percent fewer new listings entering the market for the period and single-family homes

Albuquerque Market Update - September 2009
RecapSeptember 2008 had the largest inventory of homes for sale for the month, since September 2005. Yet, both median and average home prices increased. Although both were lower than at their peak in mid 2007, the average price of $222,947 and median of $186, 750 both were still higher than they were in September 2005. Most of the homes sold were in September 2008 were in the $240,000 - $249,000 price range followed by those in the $160,000-$179,000 price range. The average number of days on the market at the time was 74. September 2009According to the Greater Albuquerque Association of Realtors Market Report, single-family home sales are up 10.17 from August,