Homes of Mother Earth

With real estate prices hitting an all time low all over the country, what better time to buy a home but now! Its time to re-think your objectives. According to Housing Predictor, Albuquerque is among the top 10 markets forcasted to have a steady, dependable growth and with a strong potential for its outlook to rise.

Feb 26, 2010 | Add Comment

Home Sales In Albuquerque finished on a 2 year high. Pending sales have not been as high in the previous 2 years. In August 2009 sales were up 36% on August 2008 figures. ( according to GAAR )Pending sales were 986 for Aug 2009. The chairman Don Padilla says " The market is definitely a buyer's market and it looks like we've hit bottom pricing wise." ( source Abq Journal ). The median home sale price in Aug 09 was $186,000. July 2009 there were only 4 homes priced over $1 million that sold. Closed sales for August were down 135 compared to July's 735. Approximately 30% of homes sold so far this year house been sold to first time home buyers, probably making the most of the $8000 tax credit that is on offer until 30th November 09. No news yet on the possible extension, but when we find out you will know. We shall post an update on the $8000 tax credit whatever the outcome is, whether it is being extended or not. The average home, that is for sale is taking about 80 days to find a buyer.

Oct 05, 2009 | Add Comment

Momentum is growing in Washington to extend the $8000 first time home buyers credit which expires 11/30/2009. It has been calculated an additional 400,000 homes have been bought using the $8000 tax credit. The first time home buyers tax credit has been part of the federal effort to kick start the devastated real estate market. According to the IRS around 1.4 million people have claimed the $8000 tax credit so far. Some analysts believe the tax credit has created little stimulus for new sales but given Americans whom would have bought a home a windfall, saving them $8000. Because the key committees are focused on the health care legislation, look like we are in for an anxious wait to see if the First Time Home Buyers tax credit is extended or not.

Sep 28, 2009 | Add Comment