Home Prices Rise Across U.S.

Good Friday to my Real Estate followers. Looks like home prices are stabilizing across the country. This is a good sign for the housing industry. Hope you enjoy the read.

Nancy

Home Prices Rise Across U.S.

Bargain Hunting, Low Rates Drive First Gain in 3 Years; Double Dip Still Possible

WallStreet Journal, July 29, 2009

By: Nick Timiraos and Kelly Evans

Home prices in major U.S. cities registered the first monthly gain in nearly three years, according to a new report that provided fresh evidence that the severe U.S. housing downturn could be easing.

Standard & Poor's Case-Shiller index, which tracks home prices in 20 metropolitan areas, rose 0.5% for the three-month period ending in May, compared with the three months ending in April. It marked the index's first increase after 34 straight months of decline, and came after a variety of housing indicators has shown glimmers of hope for the past several months.

Click Here for the Full Article at WallStreetJournal.com

Historic North Valley Adobe Homes For Sale

If you did not catch the Sunday Real Estate section, there is a great article about 9 Old Adobe Homes for sale in the North Valley. One of the most unique for sale is the Historic Los Candelarias chapel. This is a must read article if you are into the old adobe style architecture. Call me if you have an interest in a complete list of all the Old Adobes Homes for sale.

Sunday, July 05, 2009

Pieces of the past

By Story By Jane Mahoney
For the Journal
If you've ever dreamed of owning an old adobe home in Albuquerque's scenic North Valley, the time might be right.
Nine historic residential properties, each home to an adobe house, are now on the market after the death last fall of Jane Batten, one of Albuquerque's most unique preservationists. After her move to Albuquerque in 1959, Batten spent decades buying and fixing up old adobes as rental properties. Shoring up sagging timbers and replacing rotting century-old wood floors, Batten managed to keep these vestiges of Albuquerque history from the wrecking ball long before such rehabilitations were in vogue.... Click Here to View Full Article from the ABQ Journal