In March 2024, a significant development occurred in the real estate industry involving the National Association of Realtors (NAR) and several major real estate brokerages. A landmark $418 million settlement was reached with NAR to resolve claims in four antitrust class actions. These class actions challenged the rules requiring home sellers to pay buyer broker […]
Real Estate FAQ’s – Ask a REALTOR!
The world of real estate is as fascinating as it is complex, brimming with opportunities for both seasoned investors and first-time buyers. However, the abundance of information surrounding this field often leads to more questions than answers. As someone deeply passionate about real estate, I find joy in demystifying this domain for those who share […]
Is it cheaper to rent a home or buy a home in Albuquerque, New Mexico? 2023
Determining whether it is cheaper to rent or buy a home in Albuquerque, New Mexico depends on various factors such as current real estate market conditions, interest rates, your financial situation, and your long-term plans. Here are some considerations: Renting a Home: Upfront costs: Renting typically requires a security deposit and sometimes the first […]
What is really happening with home prices?
What’s Really Happening with Home Prices? Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to […]
Albuquerque Real Estate Dictionary – Amortization Schedule
Amortization Schedule – The gradual repayment of a mortgage loan by installments. This document you will see at closing, and it’s about 4 pages of numbers. Each line item will show you the total payment and how much is allocated to cover interest, taxes, insurance and the principal amount of the loan. These numbers will […]