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 […]
The Albuquerque Real Estate Tapestry
The real estate market in Albuquerque is a unique blend of historic charm and modern allure. From the adobe-style homes in Old Town to the contemporary properties in bustling neighborhoods, the city caters to a wide spectrum of preferences and lifestyles. However, this rich variety can make the buying or selling process overwhelming. Pricing intricacies, […]
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 Market Update
New Mexico Real Estate on Track to Break Records
“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 […]