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New Mexico Home Builder News

$8,000 Home Buyer Tax Credit at a Glance......

The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Please contact a Wallen Homes Sales Consultant for more information.

Wallen Homes wins Gold in 2008 Parade of Homes
Wallen Homes is pleased to announce that we have received the Gold Award for our 2008 Parade of Homes entry. The Firenze, loacted at Estancias @ Santiago, won the hearts of judges and customers alike! Recognized for the Best Master Bathroom in it's category and Gold overall standing in it's category, the Firenze is a 2,030 square foot home that is a must see.
Forbes Rates Albuquerque #1

Daily Real Estate News August 27, 2008 10 Cities Where Jobs, Home Prices Are Growing To determine where home prices are expected to rise most in the next couple of years, looked at projections for housing starts from the National Association of Home Builders and job-growth projections from Moody’s Forbes identified cities that are likely to be vibrant markets because jobs are increasing and the housing market wasn’t overbuilt during the boom. "The logic is pretty straightforward," says Mark Zandi, chief economist at Moody's "People will spend as much on housing as their income will allow them. House prices are very closely tied to household income over the long run when you look at business cycles." According to Forbes, these are the top 5 of the 10 cities where home prices are most likely to rise: Albuquerque, N.M. Charlotte, N.C. San Antonio, Texas Portland, Ore. Austin, Texas

NAHB Green Building Guidelines
The following are the items that Wallen Homes currently applies in our building practices. While there are additional items that we do, they generally fall under one of the below mentioned topics. • Insulated foundation • Termite barrier • All hot water lines insulated throughout • Advanced framing techniques • Insulated roof sheathing • Covered entry • Air infiltration stop • Shortened runs for plumbing • Energy efficient doors • Direct runs for heating and air conditioning • Additional air returns in all bedrooms • R-8 duct in attic • Sealed heating and air conditioning system • Resource-efficient materials • Engineered roof trusses • Energy improved trusses • Energy star windows • Low-E glass (same as 3rd pane of glass) • Flashing system around windows • IECC 2006 energy efficient • Direct vent fireplaces • Moisture resistant tile backer board • Programmable thermostat • Energy Star appliances • Pre-built closet organizer systems • Low flow toilets and shower heads • Low VOC (volatile organic compounds) paint and stain • Dimmers in dining room • Zoned landscaping • Drip irrigation system • Irrigation timers • Homeowner educational manual
Prices at an all time LOW! Save up to $35k!

HURRY & SAVE! Take advantage of these unheard of price reductions. They will only be available for a limited time.

Rio Rancho History

2007: City Hall relocates to New Center
2006: Sports Center opens Population 70,000 on 65,251 acres
2004: City announces new downtown to be created with sports center
2003: City annexes 12,000 acres on the West Mesa
2000: INTEL expands target 3,000 jobs Population 51,765
1997: Rio Rancho High School opens
1995: INTEL Feb 11 opens Dawsons gets real estate
1990: Population reaches 32,505
1985: Large scale annexations of Rivers Edge and Enchanted Hills
1980: Residents approve incorporation 8,194 acres (Rio Rancho City) INTEL builds Feb 7
1970: AMREP opens Country Club and Golf course 500 homes built
1964: Dedication of Rio Rancho Estates first 50 homes built, average $12k each
1961: AMREP 55,000 acres for $10 million and later 35,000 more acres

Albuquerque & Rio Rancho Top Ratings and News
Albuquerque is consistently receiving top rankings from a variety of sources. Here is a sample of the latest:
Worldwide ERC & Primacy Relocations: Best Cities for Families Relocating - 8th Place

Forbes: Best Places for Business and Careers - 1st Place

Albuquerque Named a Top 10 City for Movie-Making

Kiplinger's: Smart Places to Live - 3rd Place

Rio Rancho is making news!
The City of Vision offers a relatively modern history, a wide range of cultural diversity, a contemporary infrastructure and a visitor-friendly atmosphere. The wide open vistas and the addition of modern amenities truly make Rio Rancho, a visionary place to LIVE!
Wallen Park Grand Opening

Wallen Homes proudly presents a community you’ll love to call home; Wallen Park. Situated in a rapidly growing area of Rio Rancho, Wallen Park warmly welcomes you to a serene setting of single and two story Wallen homes designed to integrate with the natural surroundings. Similar to the agave plant, a symbol of natural beauty and endurance, Wallen Park is destined to be a beautiful, enduring neighborhood where new friendships are formed and new traditions are begun.
Close to shopping, restaurants, theaters, major thoroughfares, the new Rio Rancho City Centre and arena, Wallen Park is a wonderful place to call home. Welcome home to your new Wallen home at Wallen Park.

Construction at Arbolera Del Este at Cabezon
Wallen Homes proudly presents classic styling and energy efficiency in our beautiful homes at Arbolera Del Este at Cabezon. Designed for today’s lifestyle and tomorrow’s changing needs, your new Wallen home at Arbolera Del Este at Cabezon offers the best in city living combined with enjoyment of the great outdoors. An extensive trail system, picnic areas, playgrounds, ball parks and much more are integrally woven throughout the community, providing you with personal space for physical activity or quiet reflection.

Arbolera Del Este at Cabezon boasts access to major thoroughfares and is close to malls, theaters, restaurants, grocery stores, major retailers, specialty shops, a hospital and much more. Located within the acclaimed Rio Rancho Public School System, Cabezon is adjacent to two schools and will one day be home to an elementary school. Arbolera Del Este at Cabezon is the perfect place for you and your family to call home.
Wallen Homes presents Estancias at Santiago

Come & see the Wallen homes at Estancias at Santiago; a romantic community at the heart of New Mexico history and culture. You’ll feel a sense of rhythm, a pulse that’s unique to Santiago, formerly home to the Pueblo Indians and Coronado’s campsite in his search for the “Seven Cities of Gold. It’s a magical place where you’ll escape to the beauty and comfort of your Wallen home, graced by the picturesque Rio Grande Bosque and the majestic Sandia Mountains. You’ll discover what it means to be truly rich each fall as the cottonwood trees along the Bosque magically change to gold.
Only a few minutes from I-25 and the RailRunner Commuter System, Estancias at Santiago is conveniently located between Albuquerque and Santa Fe, with fine dining, shopping, casinos, world class golf, spas, historical sites, the new Rio Rancho City Centre, event center and so much more nearby. Estancias at Santiago… a wonderful place to call home!
Welcome home to your new Wallen home…at Santiago!

Something for Everyone!

Wallen Homes is working to change its brand image, while offering diverse services and remaining the leading semi-custom builder in the Rio Rancho, N.M. area... Read the full article.