Think Small: Getting Started As a Real-Estate Investor – WSJ.com

Think Small: Getting Started As a Real-Estate Investor – WSJ.com

Even in today’s uncertain climate, novice real-estate investors can
make money, especially in smaller properties that are easy to acquire
and manage.

Home Exchanges – exchange your Santa Fe digs for an ocean view

Home Exchanges – New York Times.

“Home exchanges are hardly a new concept, but swapping vacation homes is gaining momentum. Services like Digsville Home Exchange Club (www.digsville.com) and HomeExchange.com report that about 20 percent of their listings are now second homes, with HomeExchange.com posting 5,500 listings in the United States and 1,400 in France alone. Another site, HomeLink International (www.homelink.org) has a database of homes in 68 countries, from apartments in Budapest to an ocean-view house in Tahiti….” To a casita in Santa Fe?

FORTUNE sees hopeful NM markets

FORTUNE magazine in its best and worst real estate feature this month, cites the Albuquerque/Santa Fe market as a bright light for 2007, with a projected 2007 price change of 5.9%. Good news for sellers. Making it an excellent investment for buyers.

Changing the Mortgage Equation – The New York Times

Changing the Mortgage Equation – The New York Times.

President Bush signed legislation on
Wednesday making mortgage insurance tax fully deductible for borrowers
whose household income is $100,000 a year or less and who buy their
homes after Jan. 1. Analysts and mortgage industry executives said the
legislation would give a boost to first-time home buyers in particular,
and at least partly diminish the use of so-called piggyback loans to
avoid the insurance requirement.

RealEstateJournal | Buying a Vacation Home: Getting The Most Out of Your Investment

“A year ago, it seemed that everyone was buying a vacation home — and it didn’t really matter what you bought. With prices rising at double-digit rates at most resort destinations, the most dilapidated beach shack or ski condo would do. Indeed, according to the National Association of Realtors, the number of second homes purchased reached 3.34 million in 2005, up 16% from the year before…”