Albuquerque Real Estate
“Year to date Real Estate sales increased by 17% from last month. The national trends are showing the market is starting to slow down but New Mexico isn’t seeing this trend,” says Danny Wm. Vigil, NMAR President. Median home sale price decreased from $285,000 last month to $284,000 this month. We did see an increase […]
Albuquerque, NM (July 21, 2021) – Home sales activity for detached homes in the Greater Albuquerque housing market in the second quarter 2021 had 3,559 sales representing a 17.42 percent increase when compared to 2nd quarter 2020. The Median Sale Price for detached homes increased to $290,500, a 23.1 percent increase from 2020. The Average Sale Price […]
Lawrence Yun is Chief Economist and oversees the Research group at the NATIONAL ASSOCIATION OF REALTORS®. He supervises and is responsible for a wide range of research activities for the association including NAR’s Existing Home Sales statistics, Affordability Index, and Home Buyers and Sellers Profile Report. He regularly provides commentary on real estate market trends […]
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 […]
A mortgage that permits the lender to adjust its interest rate periodically on the basis of changes in a specified index. *This is excerpted from the glossary included on the National Association of REALTORS® (NAR) website. Real estate brokerage is truly dependent on the “lingo,” and this is only a partial list. Go to […]
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