New Mexico Real Estate Activity Bright Spot In Economy

NMAR News:

Even with the challenges presented by COVID-19, real estate continues to be a bright spot in the New Mexico economy.

“June 2020 sales numbers reported to the New Mexico Association of REALTORS (NMAR) surpass those reported for June of 2019 and reflect pent-up demand and continued low mortgage interest rates,” NMAR President James Russ II said. “2,334 sales were reported for June 2020 compared to 2,290 reported for June 2019.”

Russ continues, “This June’s sales numbers bring the year to date total (January through June 2020) to within 5 percent of year to date numbers for last year.”


TOTH: Garage Sales Benefit Juarez Homebuilding Mission

Scene of children helping the House of Hope team members from Trinity on the Hill Episcopal Church build a home in the colonias near Juarez, Mexico.Courtesy/TOTH

Scene from the House of Hope team members from Trinity on the Hill Episcopal Church building a home in the colonias near Juarez, Mexico. Courtesy/TOTH


Work From Home. Stimulus Package. Paycheck Protection Program. Our vocabulary in the United States has been expanded to include these pandemic-related changes, but the people in the colonias near Juarez, Mexico have no such options or protections.

Many live in


County/LAHP Home Renewal Program Cycle 5 Opens July 1


Los Alamos County’s Community Development Department and the Los Alamos Housing Partnership (LAHP) have announced that Cycle 5 of the Home Renewal Program opens July 1.

Residents who income qualify and require financial assistance to make repairs or improvements to their homes are encouraged to apply for this subsidized loan program. Homeowners are not required to make payments unless the home is sold or vacated.

Examples of projects that may qualify for funding from the Home Renewal Program include window and door replacement, unsafe deck and porch repair or replacement,


USDA Extends Foreclosure And Eviction Relief On Single Family Housing Direct Loans

USDA News:

WASHINGTON, D.C. — U.S. Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand has announced USDA extended foreclosure and eviction moratorium for all Single Family Housing Direct Home Loans through Aug. 31, 2020.

The moratorium applies to:

  • Initiation of foreclosures or completion of foreclosures in process, excluding vacant and abandoned properties; and
  • Evictions of borrowers from properties bought with a USDA direct home loan.  

For more information on USDA Rural Development’s actions to support customers directly impacted by COVID-19


Environment New Mexico Launches Solar Home Campaign

ENM News:

ALBUQUERQUE — As New Mexico moves towards 100 percent clean energy and on the heels of California becoming the first state to require all new houses be built with solar panels, Environment New Mexico is embarking on a new campaign that calls for a similar solar mandate in New Mexico. 

“In order for New Mexico to be a leader on clean, renewable energy, change can and must start at home,” said Environment New Mexico Director John Ammondson. “Americans have made it clear that they want solar power, and by creating a direct path for every new home to include this essential resource, New Mexico


Majority Of Realtors® Continue To Report Sellers Haven’t Lowered Listing Prices To Attract Buyers

NAR News:

WASHINGTON, D.C. — More than 3 in 4 Realtors® working with sellers this week – 76 percent – reported their clients haven’t reduced listing prices to attract buyers, according to a new survey from the National Association of Realtors® (NAR).

That’s up from 74 percent who said the same a week ago.

“Nearly 70 percent of Americans have secure employment and those interested in purchasing homes are looking at the enticing mortgage rates,” NAR Chief Economist Lawrence Yun said. “One in five potential buyers have dropped out of the market due to job loss concerns, hopes are the massive financial


Sharing Joy Of Homeownership

Mandy Marksteiner expresses her joy Wednesday afternoon in front of the home she is purchasing through the Los Alamos County Homebuyer Assistance Program. Photo by John McHale/ladailypost.com

Los Alamos Daily Post

  • Residents become homeowners with help from Los Alamos County Homebuyer Assistance Program

Sarah Scammell-Downs is a single mother of two and now a proud homeowner in Los Alamos.

With the help of a deferred payment, non-amortizing down payment assistance loan from the Los Alamos County Homebuyer Assistance Program, Scammell-Downs


County Council Hears Latest Updates On COVID-19

County Council Chair Sara Scott

Los Alamos Daily Post

As the Governor’s stay-at-home order extends through April and becomes stricter, Los Alamos County continues to discuss how to best respond.

During Tuesday night’s County Council meeting, County Manager Harry Burgess reported that Gov. Michelle Lujan Grisham extended her stay-at-home order through the end of April.

Furthermore, he reported that the maximum occupancy for hotels and RV parks were reduced to 25 percent of their usual occupancy and that other essential businesses limit their