Albuquerque Real Estate
Today’s announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months. So far, the short-term fed funds rate that the Fed directly controls has risen by 175 basis points. But the 30-year fixed rate mortgage has risen even […]
….and surrounding areas! Plan ahead, and find updated Open House events! Open Houses are the best way to get familiar with a real estate market, visit the various neighborhoods and decide which area and home style is right for you. Each Albuquerque community is unique, featuring different amenities and featured lifestyles. All prices, all styles, […]
“February was a stable month for New Mexico real estate,” says Damon Maddox, NMAR President. “We know inflation is having an impact on everything, including mortgage rates, and with the lack of inventory we weren’t surprised to see February sales of 1,611 down compared to 1,867 a year ago.” Mortgage rates continued to rise in […]
You have probably heard what a “crazy” market it is out there to buy a home. While it is an imposing project, it’s not impossible and I will try to show you the best steps to take in order to purchase a home in today’s market. STEP ONE – PREQUALIFICATION 1. The first step is […]
Albuquerque, NM (January 28, 2022) Total sales of single-family detached homes in the Greater Albuquerque market rose 8.5% percent from the previous year to top 15,000 sales for the first time. Home sales prices also saw record highs with the Median Sales Price of $290,000 rising 26.5% percent from the previous year and an Average Sales […]
