by Peter Geiger Thursday, October 5th, 2006 From: Farmers' Almanac Blog
We all enjoy reading lists of the best and the worst of almost everything. From time to time I’m asked what are the best cities for weather and what do we consider the worst. I’ve even been asked to select a location for someone who’s trying to relocate from a part of the country they dislike.
In the 2002 Farmers’ Almanac™, we addressed this very issue. Keeping in mind that any list is highly subjective, the factors we considered included temperatures, sky conditions, precipitation, humidity and wind. Working on the assumption that heat is a good thing and rain, sleet and snow is bad, let me present our list of the 10 Best Weather Cities in the USA.
6. ALBUQUERQUE, NEW MEXICO—has an arid climate with abundant sunshine, low humidity, scant precipitation, a and wide, yet tolerable, seasonal range of temperatures.
Sunday, October 3, 2010
Monday, September 27, 2010
Monday, September 20, 2010
Historic New Mexico Movie Site For Sale
Looking for a site to film a western or turn of the century film? Or just a funky old site? This is the place. Check out this great film set property for sale just west of Elephant Butte Lake. Nice thing is that the house on site is restored and could house staff and operations while shooting. The place needs some restoration and it could once again be a functional local area, old time bar and central hang with an incredible museum. The place is a New Mexico historic jewel. Check it out on it's website http://www.cuchillobar.com/ or to get the real estate details go to my site http://www.judypierson.com/ under My Listings.
http://listing.loopnet.com/16812994 is real estate summary flyer too.
Give me a call. 505-220-9193,
http://listing.loopnet.com/16812994 is real estate summary flyer too.
Give me a call. 505-220-9193,
Thursday, September 9, 2010
IS REAL ESTATE STILL GOOD INVESTMENT?
Over the last few months I have personally had the opportunity to ask several people (at random) about the residential real estate market. I did not mention that I was associated with the real estate industry. During our conversation, the majority had expressed a concern for future values. Most believed values would continue to drop. Combined with the media and some pessimistic people, it is our job to be the educator in our business.
Here are some facts of today’s market and these examples will apply to any value with the same percentages:
Let’s use a $200,000.00 value and to make things easier, let’s assume 100% financing. At 4.500% the P & I payment would be $1,013.37
Assume values dropped an additional 10% - NOW using a loan amount of $180,000. Assume 6.500%, the P & I payment would be $1,137.72. $124.35 higher!
Okay, for those who view as “half empty” – With a 20% drop using $160,000 assuming 6.500%, the P & I payment would be $1,011.31, only $2.06 difference!!!
History has proven that buying real estate is a good investment. Generally over time, most can depend on appreciation. The majority of business that we do generate is primarily consumers who are purchasing a home to occupy as their principal residence. The consumer’s concern should be narrowed to personal preference. As history has proven, the investment overtime should be sound. However, past results do not guarantee future performance.
If the consumer’s primary motive for purchasing is strictly investment, the approach is completely different. As we are all aware, timing is everything! Buying real estate does not provide a prospectus as does investing with stocks or bonds. That said, personally, I have done very well over the last twenty years by buying real estate. Today my real estate investments lie in a shallow valley, as do my other investments. I recognize that this is the time to buy. A buyer’s market combined with historic interest rates should help buyer’s fear.
If your purchaser’s are buying below $300,000, a great option is a thirty-year FHA fixed rate mortgage. FHA loans are assumable with qualifying. This will release the seller from any future liability along with creating a low interest rate for future buyers! Assuming values do decrease, the assumable mortgage will add a valuable feature for future buyers!
Here are some facts of today’s market and these examples will apply to any value with the same percentages:
Let’s use a $200,000.00 value and to make things easier, let’s assume 100% financing. At 4.500% the P & I payment would be $1,013.37
Assume values dropped an additional 10% - NOW using a loan amount of $180,000. Assume 6.500%, the P & I payment would be $1,137.72. $124.35 higher!
Okay, for those who view as “half empty” – With a 20% drop using $160,000 assuming 6.500%, the P & I payment would be $1,011.31, only $2.06 difference!!!
History has proven that buying real estate is a good investment. Generally over time, most can depend on appreciation. The majority of business that we do generate is primarily consumers who are purchasing a home to occupy as their principal residence. The consumer’s concern should be narrowed to personal preference. As history has proven, the investment overtime should be sound. However, past results do not guarantee future performance.
If the consumer’s primary motive for purchasing is strictly investment, the approach is completely different. As we are all aware, timing is everything! Buying real estate does not provide a prospectus as does investing with stocks or bonds. That said, personally, I have done very well over the last twenty years by buying real estate. Today my real estate investments lie in a shallow valley, as do my other investments. I recognize that this is the time to buy. A buyer’s market combined with historic interest rates should help buyer’s fear.
If your purchaser’s are buying below $300,000, a great option is a thirty-year FHA fixed rate mortgage. FHA loans are assumable with qualifying. This will release the seller from any future liability along with creating a low interest rate for future buyers! Assuming values do decrease, the assumable mortgage will add a valuable feature for future buyers!
Tuesday, August 24, 2010
WHERE HAVE ALL THE BUYERS GONE????
The real estate market is dead, dead, dead. And the rates and deals are abundant. What's wrong with this picture???? Here's latest article from national association of realtors: Home sales and the job market - two key aspects to our continued recovery - are also areas we need to see change in an improving direction. Last week, the NAHB Housing Market Index came in a bit worse than expectations and showed housing to be at a 17-month low. It can be argued that the tax credits actually hurt the housing market by not adding any sales, just pushing them up. This has now resulted in a void or softer period in the market, potentially wasting billions of dollars. Housing Starts and Building Permits were also reported lower than expected last week. Clearly, demand for housing has slowed over the past few months, due to the expiration of the Home Buyer Tax Credit and persistently high unemployment.
Speaking of unemployment, awful is the only way to describe last week?s Initial Jobless Claims report. According to the report, 500,000 people filed to receive unemployment benefits for the first time, which was well higher than the lofty 475,000 expected and the highest reading since November 2009. In addition, between Continuing Claims and people receiving Emergency Unemployment Compensation or EUC, the combined total of people receiving unemployment benefits now equals 9.25 Million people.
The bottom line is this: The labor market is the foundation of our economy. Job growth and confidence is the best and most sustainable way for our economy to recover. The present anti-business regulatory environment is pushing Initial Claims, a leading indicator on the health of the labor market, in the wrong direction.
But home loan rates, meanwhile, continue to remain at historic low levels. Though keep in mind, inflation is the arch enemy of Bonds and home loan rates, which means it can cause both to worsen. Both the Producer Price Index (which measures inflation at the wholesale level) and the Consumer Price Index were recently reported hotter than expected. If rates do start to rise, they will likely do so quickly.
Speaking of unemployment, awful is the only way to describe last week?s Initial Jobless Claims report. According to the report, 500,000 people filed to receive unemployment benefits for the first time, which was well higher than the lofty 475,000 expected and the highest reading since November 2009. In addition, between Continuing Claims and people receiving Emergency Unemployment Compensation or EUC, the combined total of people receiving unemployment benefits now equals 9.25 Million people.
The bottom line is this: The labor market is the foundation of our economy. Job growth and confidence is the best and most sustainable way for our economy to recover. The present anti-business regulatory environment is pushing Initial Claims, a leading indicator on the health of the labor market, in the wrong direction.
But home loan rates, meanwhile, continue to remain at historic low levels. Though keep in mind, inflation is the arch enemy of Bonds and home loan rates, which means it can cause both to worsen. Both the Producer Price Index (which measures inflation at the wholesale level) and the Consumer Price Index were recently reported hotter than expected. If rates do start to rise, they will likely do so quickly.
Wednesday, August 11, 2010
McEwan's "Solar" book set in NM
You may recognize him as the author of the book Atonement. He has written a thriller around the global warming issues called "Solar". He says it is mostly funny but presents his knowledge and passion about addressing global warming. He was interviewed on Tavis Smiley today. I think I'll go upload it to my Kindle. Should be a good read at many levels and then a movie......
Sunday, August 1, 2010
"In Plain Sight" Renewed for Two Years
Here in Albuquerque, NM, we love that kind of news. The series has been a source of pride and shows off many parts of our city. I have worked with the site location scouts numerous times to find a location and it's always interesting. "Judy, I need a home that looks like it's in Cape Cod." Cape Cod in ABQ? ARe you kidding, but we have so much variety that we can come up with options. Also, our environment is so varied so we can show different environments. We are not all desert! We have a river with lush big trees for that East Coast look; a mountain area for the Montana mountain look. We have a typical University area with little old houses that could be anyplace. And we have gorgeous million dollar homes with views. The scouts love our variety and off course having 252 days of good weather makes a big difference. Congratulations to all the "In Plain Sight" production company. We love you too.
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