Archives for August 2017

At the July 2017 LIN Meeting held on July 19, 2017, 10 excellent properties were presented.
Thank you for presenting properties and attending the meeting!
Thank you to Dave Vincioni and Dan Hernandez who hosted 4343 Pan American Fwy. Print Flyer.
View July 2017 LIN properties here.
View July 2017 LIN PowerPoint Presentation here.

The latest Voice for Real Estate news video from NAR looks at close cooperation between House Financial Services Committee members and NAR in getting improvements made to flood insurance reauthorization. The insurance program expires at the end of September and lawmakers took an important step to renewing it by protecting homeowners from big rate increases should the flood map in their area change. They also capped how much rates can go up at any one time. The bill still needs to be taken up on the House floor. The video also looks at NAR’s sustainability summit, the latest home sales figures, NAR’s commercial member profile, and a call by new NAR CEO Bob Goldberg to get member input as he leads the association into the future. Access and share the video.

Featured Segments

Flood insurance
Sustainability
Commercial agent income
Home sales
Agent safety
New NAR CEO
By: The National Association of REALTORS®
Click here to view source article.

The job picture in the Albuquerque area perked up in June, showing a 2 percent year-over-year increase in jobs following months of growth of less than half that amount.
The gain is the largest seen since June 2016, when the number of jobs had risen by 2.4 percent over June 2015.
Statewide, job growth increased by 2.3 percent last month.
The boost of 7,600 jobs in the Albuquerque area was led by an increase in education and health services jobs, according to the state Department of Workforce Solutions. That sector alone added 2,800 jobs, for a 4.4 percent increase.
“It’s a good turnaround,” Mayor Richard Berry said Wednesday. “Several sectors are really hitting it right now. As a mayor, you’re always looking at is the elevator going up or going down.”
Jobs in the leisure and hospitality fields were up 5.3 percent in the metro area, while the construction industry continued the boom it has seen statewide. Construction employment over the year increased by 1,200 jobs, or 5.6 percent, in the Albuquerque area, representing the largest percentage gain among all industries.
Also posting a healthy boost was the “financial activities” sector, which includes finance and real estate industry jobs. That sector saw a 5.5 percent increase, the largest in more than 18 years, according to Workforce Solutions.
Overall job growth in the metro area had been stuck at or below 1 percent since last fall.
However, Berry said the figures have been in the positive column for 44 months.
“We’ve added 17,000 jobs since (the city) came out of the recession,” Berry said.
He also pointed to the metro area’s unemployment rate, which fell to 5.6 percent in June compared to 6 percent in May. The state’s unemployment rate was 6.4 percent, while the nation’s was 4.4 percent.
By: Ellen Marks (Journal Assistant Business Editor)
Click here to view source article.