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Your Tax Assessor

Your Home as Seen By . Your Tax Assessor. Chicago Health & Life Survey. THE MARRIAGE GAP. REASONS FOR THIS STATISTIC: YOUNGER PEOPLE ARE PUTTING OFF MARRIAGE; THOSE WHO SAID “I DO” FIND THEMSELVES SINGLE AGAIN POST-DIVORCE. . Chicago Health & Life Survey. THE MARRIAGE GAP.

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Your Tax Assessor

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  1. Your Home as Seen By ... Your Tax Assessor

  2. Chicago Health & Life Survey THE MARRIAGE GAP • REASONS FOR THIS STATISTIC: • YOUNGER PEOPLE ARE PUTTING OFF MARRIAGE; • THOSE WHO SAID “I DO” FIND THEMSELVES SINGLE AGAIN POST-DIVORCE.

  3. Chicago Health & Life Survey THE MARRIAGE GAP • Married Couples with children nowLESS THAN one in every four households • One half of 1960’s total

  4. IRS DATA RICH GET RICHER • TOTAL REPORTED INCOME INCREASED 9% IN 2005 • THAT INCREASE -- AND MORE -- WENT TO THE TOP 10% -- $100,000+ • BOTTOM 90% ACTUALLY LOST MONEY.

  5. ALBUQUERQUE 2006/2007 “Average” & “Median” New Home Base Price Comparisons (12 month comparison – Detached single family homes) Prediction was that the average would flatten out $256,709 $238,572 Source: SalesTraq of New Mexico - www.salestraq.com/albuquerque

  6. Quantity of subdivisions in greater metropolitan area: 18 month perspective (Dec. 2005 - May 2007) Total Number of new home subdivisions “Buyer’s Market” *Includes Albuquerque, Rio Rancho, Los Lunas and the town of Bernalillo Source: SalesTraq of New Mexico - www.salestraq.com/albuquerque

  7. Consider: The majority of local new home development is priced beyond what the majority of the public can now afford.

  8. Comparison of “Supply” vs. “Demand” in new home base pricing compared to resale purchasing (Detached single family homes) “Supply” “Demand” . “Supply” “Demand” . Sources: SalesTraq of New Mexico - www.salestraq.com/albuquerque and Albuquerque Metropolitan Board of Realtors – www.abqrealtors.com

  9. Conclusion: We need more (affordable) ATTACHED new home product options

  10. ForbesRanks AlbuquerqueAmong the Top Cities for Business Four Years In a Row • Nation’s Best in 2006

  11. Recent Rankings Top 100 Sweatiest Cities 1. Phoenix 2. Las Vegas 3. Tucson, AZ 4. Dallas, TX 5. Corpus Christi, TX 49. Albuquerque

  12. Employment Growth From April to June, 2007 40% of the ABQ metro area companies interviewed plan to hire more employees, while none expected to reduce their payroll.- Manpower Preliminary Outlook for 3rd Quarter, 2007 Construction will stay flat. Manufacturing will have a slight increase.  Public employment reports a slight increase. Service and call center related positions report a moderate increase. General Slowing of National Economy - Manpower

  13. Rio Rancho City Centre New downtown - 160 acres Mixed-use development consisting of government offices, retail, event center, and UNM West campus

  14. UNM Hospital Richardson Pavilion U.S. News & World Report names UNM among Best 50 Hospitals of 2006 $233 Million, 476,555 sq. ft. expansion

  15. Future Growth Roughly 170,000 homes are currently being master planned for the next 25-50 years Future Growth

  16. Albuquerque’s Assets • Already attractive business climate is getting better • Competitive costs (labor, real estate, taxes, utilities, insurance) • Growing, diverse and well-educated community • 31.6% of ABQ residents have bachelors degree or higher • The metro area’s population growth over the next five years is forecast at 9.1% versus the national average of 6.3% • Albuquerque’s 20-34 year old population is projected to expand by 10.3% over the next five years, twice the national average (5.1%) • ABQ is a minority majority community • Technologically sophisticated community • World Class Laboratories • UNM & CNM and other institutions

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