Thursday, May 29, 2008

RIO RANCHO IN GOOD STANDING NOW

One of my readers just informed me that the status of Rio Rancho as a Declining Market as designated by lenders has been rescinded. Thank you, Loran. I am double checking with Jason Pike at Countrywide to make sure. We sold one of our listings in Rio Rancho today that had been on the market for months and are seeing more activity there so our on the ground sense is that things have turned a corner. Not just in Rio Rancho, but all over the Greater ABQ/RR area. Although Memorial Weekend was deader than a doornail, things have picked up this week and we had four closings this week. Ahhh, money again. It's great. Keep those comments coming......

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