During a special legislative session on November 25, $330 million in CARES Act Coronavirus Relief Fund funding was allocated to address the impact of the COVID-19 crisis in New Mexico. Included in the funding was $15 million for housing cost assistance, which will be administered by MFA. This amount is in addition to the $12.3 […]
Albuquerque Luxury Homes Market Update
The Albuquerque Luxury home market is seeing unprecedented increases in sales. In the past 3 months Pending sales stats are: At the $500,000 and above price range we are are seeing an increase of +65.8% vs 2019. In the $900,000 and above price range, there is an increase +181.3% vs 2019. August Pending sales are […]
Albuquerque Market Report Summer 2020
Yes, it is summertime and the homes are available! The perfect home doesn’t last long. Albuquerque sellers, now more than ever, are going the extra mile to prepare their homes for sale. What does this mean for you? You have to act fast! There are multiple buyers looking at the homes that are for sale. […]
How is the Market?
Non-Disclosure States and Valuation Estimates
Ever wonder why the Zillow estimate is way too high, way too low, and nothing adds up? Zillow and other computer estimates can be way off for one particular reason – Non-Disclosure. New Mexico isn’t alone in being a Non-Disclosure state. Why is this important for you as a consumer? Without the truth about a […]