Archive for July, 2007
New Mexico Property Tax Questions
July 30, 2007 Posted by New Mexico Real Estate
What is the property tax rate in New Mexico?
How is taxable value of property determined?
Is personal property taxed?
Is there a property tax break for older taxpayers?
Subprime fallout touches commercial real estate
July 25, 2007 Posted by New Mexico Real Estate
The subprime mortgage fallout is affecting all areas of real estate. Even commercial properties are being subjected to tightening underwriting standards. What does this imply? The monthly income generated by a property needs to be bigger than the monthly loan payment, which implies that the property has been priced properly.
Raley’s to sell New Mexico grocery stores
July 8, 2007 Posted by New Mexico Real Estate
Raley’s has announced it reached an agreement to sell its 10 grocery stores in New Mexico to Albertson’s.
Construction, especially business projects, is booming in 2007
July 7, 2007 Posted by New Mexico Real Estate
There’s a construction boom going on all over Santa Fe — not just in the downtown area — ranging from a Kohl’s department store scheduled to open in the fall, to a senior apartment complex that won’t be ready until the third quarter of 2008.
How well do you know the New Mexico economy?
July 3, 2007 Posted by New Mexico Real Estate
As an apartment landlord, we all know who our competition is — but do we know what is driving our market? Jobs drive demand for housing, which raises occupancy rates. Rising occupancy rents lead to increased rents and property values. As a result knowing how our economic standing can be important to all members of […]