Blog
All of us who boldly stand for a continuing housing recovery should be careful to not fall for some of the negative spin put on last week’s report that Existing Home Sales were down 1.9% in September. The naysayers quickly pounced on this as evidence we should brace for a... Read More
Albuquerque Home Sales Market Report for September 2013: Single Family detached Home Sales rose 17.8% from previous year Pending Sales of detached Single Family Homes showed a slight increase of 0.6% from September 2012 FULL REPORT... Read More
Albuquerque Housing News and National Housing Update The early 20th century author of nightmarish tales certainly had the best advice for getting through the scares coming out of Washington last week. Much of the Albuquerque housing news and National Housing “news” consisted of fearful warnings about what might happen to... Read More
Another Albuquerque Short Sale Home for sale! Albuquerque Short Sale! This home needs a little TLC and some flooring but there is a lot of value at this price. Very spacious home with great floor plan. All Bedrooms on 2nd floor. 1/2 Bath on 1st floor. Quiet Neighborhood. 4 Bedrooms,... Read More
Albuquerque Real Estate Market Update: The financial markets are focused on the government shutdown and the impending debt ceiling deadline of October 17th. The financial markets do not like uncertainty or bad economic or political news. As a result, a flight to quality occurs with money flowing out of stocks and... Read More
Fixed Mortgage Rates Continue To Fall Fixed mortgage rates falling for the third consecutive week amid declining consumer confidence and the onset of the federal government shutdown. The average 30-year fixed rate mortgage is at its lowest level since the week ending June 20, 2013. FULL... Read More
Monsters of the Housing Market: Vampire REOs and Zombie Foreclosures Report on how vacant “zombie” foreclosures and owner-occupied “vampire” bank-owned homes are both a challenge to the housing market and bargain-buying opportunities for pro-active buyers and investors. COMPLETE STORY... Read More
Albuquerque Existing Home Sales and National Market News Existing Home Sales Rise, Limited Inventory Pushes Prices Higher Existing home sales increased in last month and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases. Total existing home sales rose 1.7%... Read More
Albuquerque Housing Market and National News: Dynamic Shift In Housing Market As the year’s peak home buying season comes to a close, key market indicators point to a shift in the dynamics of the housing market, suggesting that future home value appreciations may be driven by market demand, rather than... Read More
Albuquerque Mortgage Rates 30-Year Fixed-Rate Mortgage At Nine-Week Low Average fixed mortgage rates fell following the Federal Reserve announcement that it will maintain its bond buying stimulus helping to keep homebuyer affordability elevated. The average rate on the 30-year fixed mortgage is at its lowest level since the last week... Read More