From the category archives:

Ruidoso FAQs

Log Homes in Ruidoso

February 2, 2009 Ruidoso FAQs

In a mountainous resort area like Ruidoso, you would think that log homes would be very common, but this is not the case. There are many log sided and cedar sided homes, but true log homes are few and far between. This was brought to my attention a few weeks ago, when I had some [...]

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Consider these factors when buying a second home

May 5, 2008 Ruidoso FAQs

The trend of purchasing a second home has become very popular, not just in mountain resort areas, but with vacation property across the nation, especially with the retirement of baby boomers. When evaluating a second home there are a number of important factors to consider: Will the home be for vacation / retirement or purely [...]

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Septic or Sewer?

April 15, 2008 Building in Lincoln County

Without a doubt, this is not a subject that most people enjoy discussing, but in a rural mountain community like Ruidoso, this IS an issue that every home owner must face sooner or later. When I work with a buyer who is considering purchasing a property, this issue always surfaces, so I thought it would [...]

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Hale-Bopp Comet over Ruidoso. Photo by Bill Riggles

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NAR comments:

NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said there are great opportunities now for buyers who weren’t able to take advantage of the tax credit. “Mortgage interest rates are at record lows, home prices have firmed and there is good selection of property in most areas, so buyers with good jobs and favorable credit ratings find themselves in a fortunate position,”
Quote by Vicki Cox Golder, NAR President
NAR Chief Economist – market outlook

Lawrence Yun, NAR chief economist, said a soft sales pace likely will continue for a few additional months. “Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September,” he said. “However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace of a sales recovery could pick up quickly, provided the economy consistently adds jobs."
Quote by Lawrence Yun, NAR Chief Economist
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