Val Kilmer Ranch Weekend?

So Val Kilmer apologized for badmouthing Northern New Mexico or the Norteonos and got the go ahead to have visitors stay at this ranch. The money will go to the Santa Fe Film Festival so a good cause. For $500 you can be the bossfor the day or fish on the Pecos River, if it has water that is. So good idea and koodos to Val for being so generous.

GREAT TIME TO BUY!!!

So whereas the announcement below may seem to be negative, for buyers it is great news. With demand low and interest years at a twenty year low, it is a terrific time to buy. As the article below indicates, homeowners who can want to just refinance but for those who need to sell, and are therefore more motivated, they are more willing to negotiate to get the deal done.


The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 28, 2010.
"With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purchase applications dropped. Purchase applications are now almost 40 percent below their level four weeks ago, while the refinance share, at 74 percent, is at its highest level since December," said Michael Fratantoni, MBA's Vice President of Research and Economics. "In addition, the ARM share dropped last week to its lowest level since March of this year, as borrowers took the opportunity to lock in at historically low fixed mortgage rates."
The Mortgage Bankers Association application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. In a low mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out a lower monthly payment which can increase disposable income and consumer spending (or give consumers a chance to pay down other debts like credit cards). A falling trend of purchase applications indicates a decline in home buying interest, a negative for the housing industry and the economy as a whole.

Bank of America to Help Homeowners

Bank of America is going to forgive up to 30% of some customers' home loans to help troubled homeowners. it will start forgiving principal for those who owe more than 120% of their home'svalue. It is to begin in May.

So if you think you qualify, CALL ME and I will do a free market analysis.

Bank of America to Help Homeowners

Bank of America is going to forgive up to 30% of some customers' home loans to help troubled homeowners. it will start forgiving principal for those who owe more than 120% of their home'svalue. It is to begin in May.

So if you think you qualify, CALL ME and I will do a free market analysis.

HOME SALES UP IN ABQ NEW MEXICO

And like most areas, the prices are still hovering in the low range. I did read that California prices are starting to come up which shows that the higher end houses are starting to sell so is pushing the average up. Here in ABQ, I personally am seeing many more buyers and have 6 closings this month including one half a million dollar home. It had been on the market for 18 months. The buyers seem to be young working couples looking forward to building a home and a family. They have good credit scores and good incomes from two salaries. I do think we have hit bottom in the housing market.

A great time to buy if you are commuting to and from ABQ. Make the move; you will love it here.

New TV Shows to Film in ABQ

Albuquerque is attracting more studios who plan to film television series here. Face it with the studio resources we now have and talent, plus our incredible weather, why would anyone film anyplace else.

So for those of you coming here who realize this is a good place and a good time to buy a house. Give me a call.

Judy

Teen Acting Program in Albuquerque New Mexico

Teens with an interest n acting could have an opportunity to learn the trade from "Breaking Bad" star Steven Michael Quezada. Youth Development Inc is teaming with him t offer a four month, after-school program for youth between 14-18 years old. Twelve teens will be accepting into this free program.