by Ashley Drake Gephart on March 13, 2010
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Albuquerque Home Market Report
See the most up-to-date list of Academy West homes for sale. If you are looking to buy or sell a home in Academy West, please contact me today. The Academy West area is bounded by Montgomery and Paseo, and I-25 and Wyoming.[Map]
| Feb 2010 |
# of Homes |
Median |
Lowest |
Highest |
| New Listing |
24 |
$219,250 |
$65,000 |
$450,000 |
| Pending |
16 |
$220,000 |
$84,000 |
$410,000 |
| Sold |
12 |
$167,000 |
$40,000 |
$380,000 |
| Feb 2010 |
Square Footage |
Bedrooms |
Bathrooms |
| Minimum |
764 |
1 |
1 |
| Maximum |
2780 |
4 |
3 |
| Feb 2010 |
Days on Market |
Cumulative Days on Market |
| Minimum |
2 |
N/A |
| Average |
90 |
116 |
| Maximum |
176 |
N/A |
Check out Academy West Area Resources
These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 3/13/2010. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
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[where: 87109]
by Ashley Drake Gephart on March 12, 2010
Treasuries and mortgages opened weaker early this morning on better trading in the stock index futures. At 8:30 Feb retail sales were much better than expected adding more to the stock indexes and pressing rate markets a little more. Retail were expected to be up 0.2% overall and ex autos unchanged; sales increased 0.3% and when auto sales are stripped out sales were up a solid 0.8%; when auto and gas sales are removed, up 0.9%. Sales were markedly stronger, particularly with the number of major snow storms in Feb that hit much of the East and Mid-West. At 9:00 the 10 yr note -7/32 at 3.76% +3 BP, mortgage prices -5/32 (.15 bp) and the DJIA index +39. At 9:30 the DJIA opened +20, 10 yr note -4/32 and mortgage prices off 4/32 (.12 bp).
Better retail sales this morning linked with last week’s better than expected employment report are suggesting consumers are starting to spend and job losses may have finally ended. That said, there is still a cadre of non-believers or at least still not convinced the economic recovery will continue. As each better than expected economic reading hits, it is increasingly difficult to question the recovery. While job losses may have essentially ended, new hirings will be very slow to rebound. Q4 productivity and unit labor costs strongly imply employers will continue to get more from workers and drag feet on new hirings. It really looks like the worst of the recession is behind us. Still bothersome is that there isn’t much recovery in the housing sector, the loss of wealth, slow increase in employment, a new consumer realization that excessive spending is bad and savings is good, and the possibility of a double dip if employment remains weak.
The U. of Michigan consumer sentiment index, expected to increase slightly to 73.8 frm 73.6 at the end of Feb. The index declined to 72.5 putting a little support in the bond market and taking away some of the strength in equities. Finally today, at 10:00 Jan business inventories, expected up 0.2%, were unchanged.
Market Minute information for March 12, 2010 provided by:
Patsy Bailey
Mortgage Banker
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4801 Lang Ave NE Suite 100
Albuquerque, NM 87109
4001 Office Court Ste 603
Sante Fe, NM 87507
Cell: 505.715.3231
Office: 505.473.4045 ext.109
E-mail: patsybailey13@gmail.com
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Equal Housing Opportunity
For more information on home financing, visit my Albuquerque Mortgage Page.
by Ashley Drake Gephart on March 11, 2010
I had an interesting conversation the other day on Twitter. Dominic Pruitt mentioned that when he was moving to Albuquerque from Tucson, he wanted a REALTOR® who uses Docusign. In his Google search for “Albuquerque realtor docusign,” he was unable to find anyone using it. Fortunately, there are several brokers in Albuquerque who do use docusign, including myself.
What is docusign?
It’s an electronic signature document delivery service. Your broker simply emails you the documents, and you sign electronically. No need to print or fax. Many times, my buyers or sellers have been traveling and unable to access a fax machine quickly. This is a convenient, time-saving solution.
by Ashley Drake Gephart on March 10, 2010
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Loan
|
Rate
|
APR
|
|
30 Yr Conven |
4.875%
|
5.139%
|
|
15 Yr Conven |
4.250%
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4.484%
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30 Yr FHA/VA
|
5.125%
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5.219%
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7/1 ARM(1yr LIBOR)
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4.125%
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4.214%
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5/1 ARM(1yr LIBOR)
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3.750%
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3.837%
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3/1 ARM(1yr LIBOR)
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3.625%
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3.763%
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30 Yr Jumbo loan
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6.250%
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6.997%
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Mortgage Rates for March 10, 2010 provided by:
Patsy Bailey
Mortgage Banker
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4801 Lang Ave NE Suite 100
Albuquerque, NM 87109
4001 Office Court Ste 603
Sante Fe, NM 87507
Cell: 505.715.3231
Office: 505.473.4045 ext.109
E-mail: patsybailey13@gmail.com
|
Equal Housing Opportunity
For more information on home financing, visit my Albuquerque Mortgage Page.
