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Recent Blog Posts by Paul A. Chavez

Survey Finds How Men and Women Differ When Buying a Home

COLDWELL BANKER REAL ESTATE SURVEYS 1,000 MEN AND WOMEN TO DISCOVER GENDER DIFFERENCES IN THE HOME-BUYING PROCESS Survey Finds that While Couples Make Real Estate Buying Decisions Together, Women Make Up Their Minds Significantly Faster than Men             PARSIPPANY, N.J. (August 17, 2009) -   It often seems as though men and women ...
Posted by Paul A. Chavez @ 10:41 AM on 09/08/2009
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Tax Credit Offers Opportunity for Sellers and Buyers

The $8,000 tax credit for first time buyers is working, drawing new people into the market and providing a big reason for growing home sales in metro Albuquerque. While the program ends November 30, as a practical matter, it ends in early September. That's because it typically takes from 45 to 60 days from signing a purchase agreement until a sale closes. You must close and fund on your new home by ...
Posted by Paul A. Chavez @ 10:23 AM on 08/24/2009
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Positive Sales Trend Continues

The number of detached homes sold in metro Albuquerque during July increased from July 2008. The 735 sales represented the first year over year increase since April 2006. The improvement wasn't large, 31 sales or 4.4%, but as is said about athletic contests, a win is a win. July sales were also up 13.2% from June, continuing the monthly sales growth that began in February. The total value of detached ...
Posted by Paul A. Chavez @ 10:25 AM on 08/20/2009
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The United States Government Wants to Give You $8,000...We Can Help!

Act Now To Get First Time Buyer Tax Credit The $8,000 tax credit for first time buyers is working, drawing new people into the market and providing a big reason for growing home sales in metro Albuquerque. While the program ends November 30, as a practical matter, it ends in early September. That's because it typically takes from 45 to 60 days from signing a purchase agreement until a sale closes. ...
Posted by Paul A. Chavez @ 10:23 AM on 08/20/2009
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ABQ Makes another Top 10 List-US News and World Report Best Places to Live

Best Places to Live 2009 U.S. News looked at areas with strong economies, low living costs, and plenty of fun things to do By Luke Mullins Posted June 8, 2009 With the decade winding to a close, Americans have grown increasingly reluctant to gas up their moving vans. Last year, the Census Bureau's national mover rate-which represents the percentage of Americans 1 year and older who moved within ...
Posted by Paul A. Chavez @ 11:56 AM on 06/10/2009
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Pending Home Sales Up For Three Months In A Row

RISMEDIA, June 2, 2009-Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7% to 90.3 from a reading of 84.6 in March, and is 3.2% above April ...
Posted by Paul A. Chavez @ 11:45 AM on 06/05/2009
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How Much Can You Afford?

Understanding The Related Costs of Home Buying   According to Will Rogers, property is a great investment because nobody's making any more. That is as true today as it was in the early 1900s when Will Rogers made the statement. Today, however, you'll need to think about more than a mortgage payment to determine if you can afford a home. To assure you are purchasing a home within the confines ...
Posted by Paul A. Chavez @ 11:24 AM on 05/28/2009
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Golf Tourists Coming to New Mexico

In the who-would-have-thought department, golf draws tourists to Albuquerque and New Mexico. "From desert links to parkland to mountain courses, we offer arguably the most diverse golf experience available in one area," says the Albuquerque Convention and Visitors Bureau (www.itsatrip.org). Metro area courses including Paa-Ko Ridge, Twin Warriors and UNM's Championship Golf Course consistently draw ...
Posted by Paul A. Chavez @ 11:23 AM on 05/28/2009
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Albuquerque #2 on Kiplinger's Best Cities List

Kiplinger.com Best Cities List 2009 BEST CITIES Best Cities: It's All About Jobs Stable employment and new career opportunities give these cities an edge. From Kiplinger's Personal Finance magazine, July 2009 What a difference a year makes. Last summer, the energy and finance sectors of the economy seemed to be thriving, and manufacturing was going strong. Today, many cities are relying on government ...
Posted by Paul A. Chavez @ 11:21 AM on 05/28/2009
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Simple steps can up a home's appeal to buyers

It's a question all homeowners face when they decide to sell: How can you make your home as appealing to potential buyers as possible? In today's market, that question has become even more crucial."It really depends how much your home is worth," says interior designer Janine Carendi. "Is it in move-in condition, and will buyers expect it to be?"Not everyone should invest in fancy upgrades and ...
Posted by Paul A. Chavez @ 12:33 PM on 05/18/2009
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New home sales show signs of revival

Despite a decline in March, the annual rate remains above what economists expect after an even stronger than originally reported February. By Ben Rooney, CNNMoney.com staff writer Last Updated: April 24, 2009: 10:44 AM ET NEW YORK (CNNMoney.com) -- Sales of newly constructed homes slipped in March, after an increase the month before that was even bigger than originally reported, according to a government ...
Posted by Paul A. Chavez @ 11:50 AM on 04/29/2009
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Fed Takes Historic Economic Action! If your mortgage is 6% or above don't miss this historic opportunity!

  Fed Plans to Buy $750 Billion of Mortgage-Backed Securities - 3/18/2009 Fed Chairman Ben Bernanke and the other members of the Federal Open Market Committee stunned the credit markets with their announced plans to buy up to an additional $750 billion of mortgage-backed securities.  Market participants were further shocked by the Fed's plan to buy up to $300 billion of longer-term ...
Posted by Paul A. Chavez @ 11:11 AM on 03/23/2009
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10 Timely Home-Related Tax Tips

RISMEDIA,-Tax season is upon us, and homeowners everywhere will reap the benefits of tax breaks and incentives. Homeowners and potential home buyers should know what expenses are deductible and the ins-and-outs of new tax laws, says FrontDoor.com. 1. Deduct the interest you pay on your home loan on your tax return. A mortgage interest deduction reduces your taxable income. And because your mortgage ...
Posted by Paul A. Chavez @ 11:06 AM on 03/23/2009
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Lt. Governor Denish Announces Immediate Housing Stimulus Plan

Lt. Governor Denish Announces Immediate Housing Stimulus Plan Santa Fe - Lt. Governor Diane D. Denish, chair of the New Mexico Mortgage Finance Authority (MFA), today announced a five part plan to stimulate New Mexico 's housing market. "The MFA board and I took stock of the state and federal resources and programs we currently have and refocused them to help New Mexicans now," said Lt. Governor Denish. ...
Posted by Paul A. Chavez @ 10:46 AM on 03/12/2009
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5 Reasons To Buy a Home

Affordability returns to housing, and buyers have loads of negotiating power. By MarketWatch   John and Julie Chilman, for example, recently have been able to stretch their dollars in the Las Vegas area. The listing price for the five-bedroom home they're buying was $265,000; they offered $250,000. "Our Realtor was like 'Yeah, pipe dream. Like they're going to take that,' " John Chilman ...
Posted by Paul A. Chavez @ 11:44 AM on 02/25/2009
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