Greater Albuquerque Area Housing Trends - 2007 vs. 2008
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Friday, January 30, 2009
Tuesday, January 27, 2009
Tuesday, January 20, 2009
RISMEDIA reports President-elect Barack Obama's top economic adviser said Sunday that the incoming administration's proposed $825 billion stimulus package will pass within a month and will have some immediate effects. Continued
Friday, January 16, 2009
Tuesday, January 13, 2009
A bill (H.R. 384) that embraces the need for righting the housing market was introduced Friday in the U.S. House of Representatives. "Housing has always led this country out of economic downturns, and this bill recognizes that the key to bolstering the overall economy is creating stability in the real estate markets," NAR President Charles McMillan says. Read more >
For December there were 917 new detached residential listings added to our market. This number is down 18.2% from last month, and down 13.8% from December of last year. New homes on the market tend to decrease in the winter months. Despite the decrease in new listings, the overall market inventory remains over 5,200, only 5% lower than the same period last year. December 2008 shows a combined total of 899 Pending and Closed Sales in the Greater Albuquerque market area. This total is down from last… Continue reading December 2008 Home Sales Report" href="http://www.gaar.com/market_statistics/report/december_2008_home_sales_report1/">Continue reading "December 2008 Home Sales Report"
Tuesday, January 6, 2009
NAR last week issued an educational brief to news reporters to curb inaccurate reporting on the amount of down payment home buyers must come up with in today's mortgage climate. Although lending standards have tightened, a wide range of down-payment requirements are in effect today, depending on the borrower's financial situation and the type of product applied for. The minimum FHA down payment requirement, for example, is 3.5 percent.