Barelas (Albuquerque, NM)
By Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate
(Century 21 Camco Realty)
Albuquerque has some great new homes being built in old, established neighborhoods with personality! This "infill" concept is becoming popular in many areas, in contrast to the previous, continual "urban sprawl" development style. A new development by the Greater Albuquerque Housing Partnership is building great new homes in a starter price range in one of Albuquerque's most historic neighborhoods: Barelas! This new develpment was recently profiled in the Albuquerque Journal.The new Barelas homes, in a historic New Mexico location, are designed to bring affordable housing to Albuquerque first-time homebuyers who meet certain income criteria. It will take a minimum of $28,000 in annual income to qualify for a 2 bedroom, 950 square foot home in this new-old neighborhood. A dozen homes hav...
Comments 2
By Eloise Gift, Albuquerque New Mexico Real Estate
(Gift Realty NM)
http://Eloisegift.comAs the housing market continues its shift, news reports continue to be conflicting not only nationally but locally within cities and sometimes neighborhoods. Consider the latest evening news in the New Mexico Business Weekly, D.R. Horton, announces a drop in home sales during the last quarter, and Barelas neighborhood subdivision opens with 22 new homes, D.R. Horton has been the leading new homes builder not only in the Greater Albuquerque but in the entire nation. The D. R. Horton can't be far different from those of other builders. Despite news of cancellations and fewer home starts we also hear of new developments being planned or...
Comments 3
Community Sponsor Albuquerque, NM Real Estate Professionals