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Professional Associations | Regulatory Agencies | ||||
| » NM Assoc. of Realtors | » New Mexico Real Estate Comm. | |||||
| » NM Mortgage Lenders Assoc. | » Financial Institutions Division | |||||
| » NM Assoc. of Mortgage Brokers | » Public Regulation Commission | |||||
| » NM Land Title Assoc. | » Construction Industries Division | |||||
| » Home Builders Assoc. of NM | » Licensing & CE Req. Mtg | |||||
| » Licensing & CE Req. RE | ||||||
| » State Disclosures (PDF) | ||||||
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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| Albuquerque Market at its lowest point, some improvement ahead |
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Metrostudy - Albuquerque, NM – November 1, 2011 - 2011 will be the lowest point for builders in Albuquerque as persistent economic woes have weighed heavily on the industry, according to Metrostudy, a national housing data and consulting firm. “Unfortunately, Albuquerque has yet to experience positive job growth this year driven by employment gains across most sectors,” said John Covert, Metrostudy’s director for the Albuquerque division. Current estimates indicate that employment fell -0.7% by losing -1,600 jobs from last Augusts’ total. This is the 35th consecutive month for in negative territory, amounting to nearly 30,000 jobs removed from the payrolls. Sales of existing homes were up 7.6% over the year for the month of September, following strong July and August sales. “Historically low mortgage rates this summer and more affordable prices were too attractive for some buyers to ignore and they moved from the sidelines to capitalize,” said Covert. 349 homes were started in the 3rd quarter, up 5% from the 2nd quarter, but down -11% from 3Q10. With the continued decline in quarterly starts, annual starts have also dropped. There were 1,182 annual housing starts for 3Q11, a decline of -30% from the 1,698 annual starts for 3Q10. “This is the lowest annual starts figure posted during the housing recession,” said Covert, “even lower than 2009 when the national and local economies were suffering through their darkest days.” “This trend reinforces that builders are pushing little speculative inventory into the market, that they are effectively closing homes that are started, and that they are only starting enough homes to meet current demand which is at its lowest point,” said Covert. “But there is light at the end of the tunnel. Along with a new year come expectations that employers will begin to add to their payrolls giving a much-needed boost to a stagnant economy. As a result, consumer confidence will improve, retail sales will increase, and the resale market will continue to stabilize. Subsequently, declines in real estate values and foreclosure rates will moderate,” said Covert. “Our initial housing forecast for 2012 is for a 20% increase in home starts, which would be a welcomed improvement combined with a slowly growing economy.” For information contact: |
