I love good news
Posted by Brandon Thienes at 12/6/2007 4:26 PM and is filed under uncategorized 
In the last week, I've read two dynamic statistics that makes me all the more confident that I made the right decision in moving my hard money and commercial funding practice into the Albuquerque market. Granted I was laughed at by some and querried by others, but I felt like this market has so much untapped potential that I had no other option but to make this my new drilling ground. Here's what I mean:
These numbers are quoted from Housing Predictor, an independent and unbiased real estate watchdog site. You can find this chart at http://www.housingpredictor.com/top25.html.
The second item was in this morning's paper, and I quote:
"Foreclosures nationally are at all-time highs, with one for every 196 households nationwide in the third quarter, according to Irvine, California - based RealtyTrac.
Albuquerque and the state as a whole appear to have missed the worst of it.
The Albuquerque metro area had on foreclosure for every 880 households in the third quarter, according to RealtyTrac. New Mexico had one for every 1,348 households."
Like I said in the title, I love good news. If you're looking for a safe place to put your investment dollars, there seems to be a little bit of a bastian in the wild west of New Mexico!
Thanks for reading, and don't forget to visit our sites at www.TheEquityExperts.com
Brandon Thienes, Hard Money Specialist
 | |||||
|---|---|---|---|---|---|
| Rank | Real Estate Market | Median Price |
2007 Forecast | ||
| 1. | Albuquerque, NM | $194,000 | 9.1% | ||
| 2. | McAllen, TX | $112,000 | 8.9% | ||
| 3. | Salt Lake City, UT | $241,000 | 8.6% | ||
| 4. | Austin, TX | $174,000 | 8.4% | ||
| 5. | Seattle, WA | $380,000 | 8.2% | ||
| 6. | Houston, TX | $148,000 | 7.8% | ||
| 7. | Biloxi, MS | $204,000 | 7.5% | ||
| 8. | El Paso, TX | $132,000 | 7.2% | ||
| 9. | Nashville, TN | $155,000 | 6.9% | ||
| 10. | Portland, OR | $241,000 | 6.7% | ||
| 11. | San Antonio, TX | $154,000 | 6.5% | ||
| 12. | Las Cruces, NM | $ 154,000 | 6.4% | ||
| 13. | Little Rock, AR | $117,000 | 6.4% | ||
| 14. | Dallas, TX | $161,000 | 6.4% | ||
| 15. | Monroe, LA | $164,000 | 6.3% | ||
| 16. | Boise, ID | $162,000 | 6.1% | ||
| 17. | Jackson, MS | $137,000 | 6.1% | ||
| 18. | New York, NY | $535,000 | 6.0% | ||
| 19. | Raleigh, NC | $239,000 | 5.9% | ||
| 20. | Newport, NC | $208,000 | 5.8% | ||
| 21. | Fort Smith, AR | $112,000 | 5.8% | ||
| 22. | Spokane, WA | $178,000 | 5.8% | ||
| 23. | Charlotte, NC | $235,000 | 5.7% | ||
| 24. | Bar Harbor, ME | $398,000 | 5.5% | ||
| 25. | Hot Springs, AR | $159,000 | 5.4% | ||
These numbers are quoted from Housing Predictor, an independent and unbiased real estate watchdog site. You can find this chart at http://www.housingpredictor.com/top25.html.
The second item was in this morning's paper, and I quote:
"Foreclosures nationally are at all-time highs, with one for every 196 households nationwide in the third quarter, according to Irvine, California - based RealtyTrac.
Albuquerque and the state as a whole appear to have missed the worst of it.
The Albuquerque metro area had on foreclosure for every 880 households in the third quarter, according to RealtyTrac. New Mexico had one for every 1,348 households."
Like I said in the title, I love good news. If you're looking for a safe place to put your investment dollars, there seems to be a little bit of a bastian in the wild west of New Mexico!
Thanks for reading, and don't forget to visit our sites at www.TheEquityExperts.com
Brandon Thienes, Hard Money Specialist
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