NEW SANTA FE STUDIO

The City Different --- Santa Fe --- has allocated $6 million to the developers of a new studio in Santa Fe. The negotiations have been in the works for awhile and now has been worked out. Watch out Hollywood!!

NEW HOME SALES UP IN ABQ

This commentary by David Murphy who tracks new home sales: By now you’ve no doubt seen on the news and read reports in the media that the housing market is beginning to turn around; the last few years of decline are nearly over. (Not the first time you’ve encountered that opinion over the course of this recession either). But this time around, it seems to be for real. Pending existing home sales are up substantially, new home sales are at their highest level in a year, and mortgage interest rates remain at historic lows to attract home buyers. Indeed, even in the local Albuquerque metropolitan housing market, positive signs are evident both in new and resale data. On the new home side, an ever-growing array of smaller more affordable floor plans, coupled with government subsidies to first time homebuyers to the tune of $8,000.00, are fueling sales - especially in the below $200,000 price range. On the resale side, the local Greater Albuquerque Association of Realtors’ statistics show increased sales month-over-month for all of 2009 so far, as well as lower inventory levels compared to last year. The positive data is there and cannot be denied.

MORTGAGE RATES AT 3 MONTH LOW

Long term mortgage rates dropped again this week, ending at an average of 5.12% down from 5.29%. The new rates were the lowest in nearly three months. Great time to buy. Just Call Judy.

NM TOP PLACES TO FILM

Variety magazine, which all of us from LA know intimately, hasw ranked NM the third best place to film right behing LA and New York. The survey was of film industry professionals and will published in October. It means that if a film company wants to leave Hollywood, NM is the first choice. The monetary incentives offered here have really helped plus we have new studios and lots more local resources. Of course, now other cities and countries are mimicing us and trying to get that market, but who can compete with our weather and beauty. We offer a 25% rebate while Alaska offers 44%. Big difference in environment though. Movie Maker magazine name ABQ the second-greatest city to live, work and make movies in 2008. Well, ya'all come on now, ya hear????

ABQ RATED TOP CITY -- AGAIN!

Best Towns 2009America's Best Cities: Albuquerque, New MexicoNo. 6By Justin NybergKEY STATS845,000: Population (metro)$182,000: Median home price B: Multisport grade 278: Average number of sunny daysA few cities in the Southwest enjoy their own versions of Albuquerque's main attractions: a surplus of sunshine, mild weather, and easy access to trails, rivers, and mountains—like the 10,678-foot granite escarpment above town. But what sets the Duke City apart these days is stability. Off the speculators' radar, Albuquerque was relatively unscathed by the circus-tent collapse of the housing market, even as its economy—bolstered by growth in the high-tech, film, and renewable-energy industries—has remained stable. The upshot? It now boasts the fifth-lowest unemployment rate among major U.S. cities. And when all those workers are ready to blow off some steam, the city welcomes them with more green space per capita than any on our list—including easy-access singletrack and the 38,000-acre wilderness just east of the city. Plus three ski areas (including the steeps of Taos), fly-fishing in the Jemez Mountains, and Class IV whitewater are all within day-trip range. Take that, Phoenix. It's also a good place to save: The low cost of living and reasonably high wages in professional fields put Albuquerque fifth on Salary.com's list of the best U.S. cities for building personal net worth—meaning you'll have all the more means to gear up for time off the clock.

So if you are tempted and want to buy a house here check out my listings at: http://judypierson.com/Albuquerque_NM_listings/index.shtml

Gov. Richardson in CA to pitch producers

Gov. Richardson is in Los Angeles this week to pitch the programs and incentives for the film production companies. Seems like other states are also offering incentives so the competition heats up. But no one has 253 days of sunshine. Can't beat that!

STRIKE OFF; FILMS TO MOVE AHEAD

The Screen Actors Guild and the producers union agreed on a new contract finally. For NM, this should mean several new films starting here. We knew there were several in the wings but everything was on hold. Both the ABQ and NM Film Offices report that more scouts are scouting, so to speak. Hey you scouts......"Call me. We'll do lunch."