Albuquerque North Valley Home For Sale – bring your Horses!

April 12, 2012

Very quiet Valley Location! Custom Home on spacious 0.66 Acre Lot with access to the Bosque Trail! Very nice Floor Plan with open Kitchen and Living Room concept. Wonderful Kiva Fireplace in Living Room with high ceilings and Dormers for extra natural light! All Appliances included! Above ground pool to cool off on those hot [...]

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Next Foreclosure Wave Coming: Reason for Alarm?

April 3, 2012

Economists have been warning that a flood of foreclosures will soon be hitting the real estate market, likely this summer. Increases in foreclosures traditionally pull down nearby home prices. So should home owners be worried? As of now, housing reports continue to show month-over-month drops in foreclosures. CoreLogic released a report late last week that [...]

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REO Discounts to Grow Even Bigger?

March 20, 2012

Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices and whether the discounts for REOs will be even larger this [...]

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Program HR3648 – America’s Free, Non-Governmental Foreclosure Option

March 19, 2012

About Program 3648 The federal government enacted H.R. 3648, the Mortgage Forgiveness Debt Relief Act, to help stem the tide of foreclosures by removing the tax burden resulting from debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with short sales. H.R. 3648 has been extended through 2012 under The Emergency [...]

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30-Year Rates Stay Below 4%, Affordability High

March 16, 2012

Mortgage rates are staying low by historical standards, despite inching slightly higher this week following a positive job report and increasing bond yields, Freddie Mac reports in its weekly mortgage market survey. “An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week, and mortgage rates followed,” says Frank Nothaft, [...]

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Builders Off to Early Spring Selling Season

March 13, 2012

The spring selling season is already heating up for home builders, with sales activity increasing and some builders slightly increasing home prices, reports Barclays Capital. “We believe the spring selling season has arrived strongly enough to kick-start a positive feedback loop in housing for the first time since 2005,” Barclays Capital analysts reported. Analysts with [...]

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Mortgage Rates Dip, Hover Around Record Lows

March 9, 2012

The 15-year fixed-rate mortgage reached a new all-time low this week, while the 30-year mortgage edged nearer to matching its record low, Freddie Mac reports in its weekly mortgage market survey. The low mortgage rates are helping to push housing affordability to record highs. The National Association of REALTORS® reported this week that the average [...]

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Home Prices Stabilize Despite Increase in REOs

March 6, 2012

An increase in distressed properties on the market is no longer chipping away at overall home prices, an “unusual and encouraging” sign, a new report suggests. In fact, the report found that in the top 15 metro areas REOs dramatically increased in February, but those areas still showed average gains or mostly stable home prices [...]

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March 1, 2012

How to Claim Your 2011 Energy Tax Credits They’re not as much as they used to be, but there are still energy tax credits to be had for upgrades made in 2011. Read Visit houselogic.com for more articles like this. Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

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Housing Affordability Reaches New Records

February 24, 2012

Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer’s purchasing power is greater than it ever has been before, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The index showed that 75.9 percent of all new and existing homes sold in the [...]

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