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Mar 18, 2017 Sales of higher-end homes spike in FebruaryPublished 18 March 2017 LAS CRUCES – The number of new and existing homes sold for $250,000 and above in February rose significantly over the number of higher-end homes sold in January, according to statistics pulled from the archives of Las Cruces Association of Realtors on March 14. Nineteen of the new and existing homes, townhomes
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Mar 10, 2017 MFA sets mortgage lending record
Published 10 March 2017 LAS CRUCES – The New Mexico Mortgage Finance Authority served more first-time and non-first-time home buyers in FY 2016 than in any other year on record, according to MFA homeownership representative Teri Baca. MFA was created by the state legislature in 1975 and has provided mortgage loans and down payment assistance
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Mar 05, 2017 Realtors closely watching legislative activities
Published 4 March 2017 LAS CRUCES – The Realtors Association of New Mexico has its collective eye focused on upwards of 140 bills that are winding their way through the current legislative session in Santa Fe. The trade group, which represents more than 5,500 Realtors statewide, is following bills dealing with energy, mortgage and lending,
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Feb 26, 2017 ‘Location, location, location’ still law of the land
Published 26 Febuary 2017 LAS CRUCES – There’s hardly a person with even a passing interest in real estate who isn’t aware of the three most important rules of buying and selling; location, location, location. But is the location of a property really that important? Almost without exception, the answer is clearly “yes.” Although a
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Feb 19, 2017 January home sales best in eight years
Published 18 February 2017 LAS CRUCES – Local Realtors sold more homes last month than in any January during the past eight years, according to a February 13 report from the Las Cruces Association of Realtors. Five of those years are detailed in the accompanying table. The 104 sales of new and existing homes, townhomes
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Feb 12, 2017 Decreasing supply could spur rise in home prices
Published 12 February 2017 The law of supply and demand is quite simple: Prices rise when demand outpaces supply, decline when there’s an oversupply, and remain stable when the quantity of the commodity, product or service desired is equal to the quantity available. Demand for real estate certainly waned following the collapse of the housing
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