Buyers are thrilled with the value ArrowWood Homes offers and are finding that they can own a home for less than what it would cost to rent.
Albuquerque, NM (PRWEB) April 04, 2013
New home sales are on the rise at ArrowWood Homes in Albuquerque, New Mexico. ArrowWood is experiencing a 60% increase in sales activity over first quarter of last year. Part of this increase in sales may be due to a growing confidence in home investing as the nation experiences a significant jump in real estate equity.
According to Bloomberg, real estate equity jumped last year by the most in 65 years, allowing more American homeowners to be able to use their properties as cash machines. The National Association of Realtors further supports these increased values, publishing statistics that the median home price was up 12% from a year ago.
ArrowWood Homes sales agent Sam Garcia has seen more buyers eager to re-enter the real estate market. “I’m seeing lenders begin to relax, now more buyers are now able to take advantage of the low interest rate. They are thrilled with the value ArrowWood offers and are finding that they can own a home for less than what it would cost to rent. In fact, our three-bedroom, two-bath Bosque plan, priced at $114,990, costs as little as $555 per month including taxes and insurance, based on a 3.75% interest rate with normal closing costs, a 20% down payment and escrow charges. That’s a great investment. And if buyers don’t have the down-payment, they can take advantage of an MFA first-time buyer program that allows them to move in for only $500.” Garcia adds, “Based on rental rates on apartmentratings.com, the average rent for a two-bedroom apartment in Albuquerque is $829 per month. It’s no wonder we are seeing increased sales activity.”
If you are planning a new home purchase, now is the time to visit ArrowWood Homes. You’ll find affordable new three and four bedroom homes with close proximity to southwestern culture, national parks and a variety of recreational opportunities. Homes include energy-efficient features such as dual-pane windows, gas appliances and an Energy Star® certified dishwasher. Durable stucco exteriors and vinyl windows offer low-maintenance and peace of mind while refrigerated air-conditioning, front yard xeriscaping, an enclosed rear yard and a ten-year warranty protection program provide both comfort and security.
Currently, ArrowWood has several homes ready for immediate move-in, priced from $117,030 to $149,580. Brand new plans have also been released for sale including two new four-bedroom plans. Homes at ArrowWood range from $114,990 to $165,990 with 1,098 to 1,968 square feet and one or two-car attached garages.