May Existing-Home Sales Continue Rising Trend

for sale photoRISMEDIA, June 24, 2009-Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors®. May’s increase was the first back-to-back monthly gain since September 2005.

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Tax Credit for Home Purchase Could Rise

dollar signLawmakers and businesses are calling for expansion of a tax credit for first-time homebuyers that has helped spark home sales in an otherwise dismal real estate market. With the tax credit scheduled to expire in the fall, some business groups say the amount of the credit, now capped at $8,000, should be raised to $15,000 and applied to anyone who buys a home.

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Inflation Data Sends Rates Into Retreat

Web ImagesFreddie Mac’s Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in rates on all mortgage products although they are still above the record low territory of late spring.

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La Traviata!

Dessay 2What could be better than Verdi’s most beloved opera to open the 2009 Festival Season? How about Natalie Dessay in her first-ever performances as Violetta! This quintessential story of passionate young love, separation, and reconciliation receives an all-new staging led by the director / designer team of Laurent Pelly and Chantal Thomas.

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Report Favors Santa Fe Housing Market

santa feIt might be hard to believe, given the recent downturn in the local real-estate market, but a national news report predicts Santa Fe will be among the top 10 housing markets in the U.S. over the next decade.

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