18. March 2008 by admin.

KB Homes to Sell Remaining Albuquerque Land : “Buyers in KB Home New Mexico’s five active communities will be neighbors to some vacant land— at least for a while.
Although the builder will put houses on all lots that are already under contract, it plans to sell any remaining property within the communities to developers or builders, a spokeswoman for the builder told the Journal on Friday.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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18. March 2008 by admin.

SunCal Defaults on Loans : “California-based SunCal, developer of Albuquerque’s massive Westland project, has had a rough year with some of its California and Nevada ventures— but insists that will have no bearing on its plans here.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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18. March 2008 by admin.

SunCal Plans 1,500-Home Site: “Developer SunCal has submitted plans for a 1,500-home development west of the Stormcloud and Crossing neighborhoods, according to documents filed with Albuquerque’s Environmental Planning Commission.
Another submitted SunCal project, near the corner of Ladera and Unser, would include 12 commercial buildings— including five drive-through buildings and one three-story office building, according to EPC documents.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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13. March 2008 by admin.

ABQjournal West_News: Pajarito Mesa to Get Water: “After eight years, several false starts, one lost grant and countless hours, it’s official: Pajarito Mesa is getting water.
On Friday, members of the Pajarito Mesa Mutual Domestic Water Consumers Association signed a memorandum of understanding with the Albuquerque-Bernalillo County Water Utility Authority, clearing the way for construction of a new fill station on the mesa for association members.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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12. March 2008 by admin.

ABQjournal Metro: Mesa del Sol Is Starting to Appear on the Dusty Landscape South of Albuquerque: “An impressive new economic engine is starting to rev on the vast, treeless mesa south of the Albuquerque International Sunport.
Construction will explode this year at Mesa del Sol, the giant master-planned ‘city within a city’ now entering its sixth year of development by Forest City Covington.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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9. March 2008 by admin.

The Wall Street Journal’s Real Estate Journal: FHA May Be Tonic for What Ails the Housing Market:”Home loans insured by the FHA have become the cheapest and, in many cases, the only alternative for borrowers who can make only a small down payment. The agency is rapidly gaining market share as government-sponsored mortgage investors Fannie Mae and Freddie Mac, stung by combined losses of about $9 billion in last year’s second half, back away from credit risks by adding fees and demanding higher down payments.”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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6. March 2008 by admin.

ABQjournal: ‘08 May Be Good for Home Buyers: ”The year 2007 was a banner one for home sellers in the Albuquerque area, with houses fetching the highest prices on record. But if January sales numbers are an accurate forecast, 2008 will be more favorable for the buyer.”

Albuquerque January 2008 Home Sales Market Report Brought to you by ABQrealtors.com

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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28. January 2008 by admin.

“Stop the Home Tax Now in New Mexico:Homeowners and those who dream of owning a home take heed. During the 2008 legislative session, New Mexicans will have the opportunity to protect the value of their home and keep homes affordable. Senator John Grubesic has introduced legislation to protect New Mexico homeowners’ investment in their homes. If passed, the new law will prevent local governments from levying a home excise tax (a sales tax collected on the sale of every home).”

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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27. January 2008 by admin.

The system currently in place for determining assessments on Albuquerque Homes could use improvement. The article is intriguing in the sense that the debate on this issue is worth having. A must read for all home owners, investors, & realtors in the state of New Mexico just click the link below.

ABQjournal Metro: Cap on Property Values Lifted When House Sells

505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.

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26. January 2008 by admin.

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