Rio Rancho Land | Rio Rancho Real Estate News

About Rio Rancho, New Mexico

Rio Rancho was developed as Rio Rancho Estates by developer AMREP in the 60’s and 70’s. AMREP developed 91,000+ acres of New Mexico Land northwest of Albuquerque and marketed it as a retirement community to people mainly in the eastern US. Rio Rancho Land is platted into approximately 112,000 home sites and commercial lots. During the 60’s and 70’s AMREP sold more than 75,000 lots in “Rio Rancho Estates” to thousands of individuals throughout the country.

Rio Rancho is now the fastest growing city in New Mexico and is dubbed the "City of Vision". Rio Rancho has a population of over 70,000. The City of Rio Rancho planners made a decision a few years ago to build a new "Downtown" and chose a parcel of Real Estate in the middle of Rio Rancho. The new Rio Rancho “City Centre” will be a modern and dynamic downtown and already has a state of the art Arena (Santa Ana Star Center), the Rio Rancho City Hall, and will soon have the CNM (Community College) and UNM Campus, and a full service UNM Hospital.

The Rio Rancho Real Estate market is dynamic and complex as land is plentiful. Rio Rancho lots can start at $3,000 for a ½ acre, but “buildable” lots close to services will range from $30000 to $150000 depending on location and availability of utilities. Rio Rancho Homes are some of the best values in the metro Albuquerque area. Some of the nicest master planned communities in New Mexico, including Cabazon and Loma Colorado, are in Rio Rancho. With the great amenities to community offers; Rio Rancho is a great place to call home!

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Wednesday, February 18, 2009

New homebuyers to get $8,000 cash back

New incentive to help the US economy offers $8,000 cash back to first time home buyers. This is an excellent opportunity for those who are currently renting, have good credit and want to build equity by purchasing a home. With prices coming down, now is the time to buy!

To qualify for this credit...
* Buyers cannot own a home during the past three years
* Must purchase a home between January 1st, 2009 and November 30th, 2009
* Buyer must also occupy the home for at least three years, or may be subjected to pay the credit back to the government.

Preview the CNN article below for more detailed information.

New homebuyers to get $8,000 cash back - Feb. 16, 2009

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