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Saturday, July 4, 2015

Happy Fourth

Gift Realty NM wishes you a Happy Fourth!

Today, we celebrate the founding of our nation and all that founding promised in the Declaration,  
We the People . . . in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this constitution foe the United States of America. 

As we celebrate let us remember the expectations of that promise and reflect on the part we play in making them a reality. Let us not forget that we also are the People.

Happy Fourth!

Tuesday, June 9, 2015

Getting Ready For CFPB Changes

The Real Estate Industry is getting ready for August 1. That is the day the Consumer FinanceFinance Protection Protection Bureau (CFPB) has set for the start of implementation of new TILA rules when we in the real estate industry will switch from the HUD closing statement to the TRID. We are all taking classes to learn about the changes and what it will mean for lenders, title companies, Realtors and consumers. I attend a class next week. I will keep you updated.

New Mexico Oil and Gas Boom

Interestingly, it was almost exactly one year ago that I wrote about the oil and gas boom in New Mexico. Hopes were riding high for different interest groups for all the possibilities of the revenue that would enrich the coffers of the state. I, for one, hoped early childhood education would get the long-overdue attention many desired. Public education is one of the beneficiaries of oil and gas and other mining revenue in the state.

But in the nature of the ebb and flow of life, much has happened since May 2014.  Boom turned to bust to beginning boom again. We will have to wait and see.  The price of oil and gas fell, to the delight of most consumers. Fuel at the gas pump fell significantly in a relatively short time.  But not everyone welcomed the lower price. The state of New Mexico, for example that saw its revenue plummet to create a shortfall in the budget. Life in the oil rich areas suffered disruption as growth housing and other costs increased to meet growing demand then stalled; never mind that prices were skyrocketing to put affordability outside the reach of many who needed housing and services.

But gas prices are climbing again so the price of crude must be increasing and perhaps we can go back to nurturing hopes for a state-funded initiative for early childhood education.

Sunday, April 12, 2015

5136 Justin Drive For Sale 1

787 Stallion Rd For Sale

Friday, May 23, 2014

New Mexico Oil and Gas Boom, Population Growth

The growth areas of New Mexico have shifted, thanks to the current boom in oil and gas production in the oil-rich Permian Basin of Southeastern New Mexico. Bernalillo and Sandoval counties led growth in the years preceding the 2007 economic downturn. Now the counties leading in population growth are Lea and Eddy Counties. According to the Census Bureau, the city of Carlsbad grew by 3.4 percent and Hobbes by 3.1 percent in one year(2012-2013). Both cities outstripped in growth for the period, Albuquerque, the largest city in the state, Las Cruces, the second largest, and Rio Rancho the third largest. Albuquerque and Las Cruces grew less than 1 percent. Rio Rancho grew by only 1.3 percent. The area is experiencing a housing shortage because of the rapid increase in population of people flocking to the area to find jobs. Both Hobbs and Carlsbad have room for growth. The current population of Hobbs is 36,041 and of Carlsbad, 27,653. Compare the sizes of these cities to Albuquerque: 556,495, Las Cruces: 101,324 and Rio Rancho: 91,956.