Vista Del Norte (Albuquerque, NM)

By Diana Lewis
(ADL Sunshine Realty)
Comments 0
In case you are an investor or realtor specializing in short sales here are some useful hints to preparing the BPO (Broker Price Opinion).  All Sold Comps should be less than 6 months old, of similar size and in similar condition and located within 1-mile radius of subject.  According to the inst...

By Diana Lewis
(ADL Sunshine Realty)
Comments 3
I am one of those nerdy types who tries to stay educated with what is happening in our economy.  I try to follow the market to keep my business growing.  Although there are times I probably should stay away from the news because it doesn't always keep me in the best frame of mind.  This morning I...

By Diana Lewis
(ADL Sunshine Realty)
Comments 4
Rates on 30-year mortgages fell to the lowest level on record for the second consecutive week after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.78 p...

By Diana Lewis
(ADL Sunshine Realty)
Comments 8
Yesterday I had a third appointment with a prospective short seller.  The first appointment was more than a month ago.  I gave them a packet of documents (samples of hardship letters, a financial statement etc) and told them time was of the essence.  They were already five months behind in paymen...

By Diana Lewis
(ADL Sunshine Realty)
Comments 0
Housing prices fallThe S&P Case-Shiller Home Price Index, measuring housing prices in 20 representative cities across America, fell for the 30th straight month in January, bringing house prices down to 2003 levels. And this time it actually set a record, falling 19% from January 2008. "There are ...

By Diana Lewis
(ADL Sunshine Realty)
Comments 1
Its a great day here in Albuquerque.  The sun is shinning and the wind is not blowing.  The stock market was up over 500 points yesterday and today's paper said that sales of homes was up more than 5% over last month.  It's a great day!     

By Diana Lewis
(ADL Sunshine Realty)
Comments 0
Interest rates are historically low as are home prices so why aren't buyers buying?  Is everyone so afraid of this economy that they are fearful of a total bust.  In the Albuquerque, NM, area unemployment is running still below 6%.  I guess there is still too much fear out there.  How do we overc...
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