19. May 2008 by admin.

REALTOR® Magazine-Daily News-Buyers Willing to Pony Up for Green: “Home buyers will gladly pay a premium for granite countertops and walk-in closets. But will they dig deeper for better insulation, energy-saving appliances, and efficient heating and cooling systems?Increasingly, the answer is yes, said the panelists at Tuesday’s Land Use, Property Rights, and Environment Forum at the 2008 REALTORS® Midyear Legislative Meetings here in the nation’s capital.

“We’re on the crest of a wave that’s continuing to grow,” said David Rodgers, deputy assistant secretary for energy efficiency in the U.S. Department of Energy. “The mission is to do more with less, not less with less. This is not about sacrificing or putting on a sweater. It’s about making investments that do more.”

Houses use more than 20 percent of the nation’s energy, according to government statistics, and U.S. households waste more than $300 billion every year because of inefficient energy use.”

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

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31. March 2008 by admin.

Best Places To Buy Foreclosed Homes - Forbes.com: “But in markets in other cities, where there are hints of stabilization, foreclosed properties might be a good investment.
You’ll find such spots in the Sunbelt, home to Charlotte, N.C., Raleigh, N.C., Oklahoma City, San Antonio, and Albuquerque, N.M. These five cities topped our list of Best Places To Buy Foreclosed Homes.”

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

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14. January 2008 by admin.

NAR Campaign Relates Real Facts About Real Estate: WASHINGTON, January 14, 2008 - Beginning today, the National Association of Realtors® is reaching out to consumers with the facts about homeownership and the value of real estate as a long-term investment. Would-be homeowners who are uncertain about their home buying plans can learn more about the options available to them and the long-term benefits of owning a home through a new advertising campaign that will provide current, relevant housing data to help them make informed decisions about buying a home.

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

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11. January 2008 by admin.

Great new website explaining the benefits of home ownership.
Housing Market Facts

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

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11. January 2008 by admin.

Mortgage Cancellation - Legislative History: “Mortgage Debt Cancellation Relief - H.R. 3648 - Public Law 110-142 General Information and Provisions

Individuals who are relieved of their obligation to pay some portion of a mortgage debt on a principal residence between January 1, 2007 and December 31, 2009 will not be required to pay income tax on any amount that is forgiven.

General Provisions of Public Law 110-142:
No income limitation: All borrowers receive the relief, no matter what their income.
Dollar limitation: No more than $2 million of mortgage debt is eligible for the exclusion ($1 million of debt for a married filing separately return).
Relief applies only to an individual’s principal residence.
The forgiven mortgage debt must have been secured by that residence.
No relief is available for cash-outs, whether the cash-out takes the form of a refinanced first mortgage, a second mortgage, home equity line of credit or similar arrangement.
Eligible debt is what is called ‘acquisition indebtedness.’ This is debt used to acquire, construct or rehabilitate a residence.
Refinanced debt qualifies, so long as the debt does not exceed the original amount of the debt. (Same rule as Mortgage Interest Deduction)
Home equity debt (or second mortgages) qualifies if the funds were used to improve the home. (Borrower must have adequate records, as under current law.)
See cash-outs, above. No amount of a cash out may be treated as acquisition debt.”

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

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