In New Mexico, the customary practice is to hand over keys to the buyer upon RECORDING and FUNDING. Closing occurs when both parties sign. The Buyer and Seller will close separately, with separate closing appointments. For the Buyer the paperwork for the loan is signed as well as required disclosures and tax documents. There also […]
Albuquerque Mortgage rates
Today’s Rates: · Conventional 30 year fixed rates currently priced at 3.875%. · Conventional 15 year fixed rates currently priced at 3.25%. · FHA & VA 30 year fixed rates currently priced at 3.75%. · FHA and VA 15 year fixed rates currently priced at 3.625%. · Jumbo 30 year fixed rates currently priced at […]
Albuquerque Real Estate Soup Newsletter
What is an appraisal, and why does it matter?
Does it matter? Is is the final word in real estate? Who owns it, who cares? These are questions often asked about one of the most crucial parts of the real estate selling/buying process. In Albuquerque there are customary practices which are changing with regard to who pays for the appraisal and who gets to […]
Mortage Rates Today
Today’s Rates: Conventional 30 year fixed rates currently priced at 4.125%. Conventional 15 year fixed rates currently priced at 3.25%. FHA & VA 30 year fixed rates currently priced at 3.75%. FHA and VA 15 year fixed rates currently priced at 3.375%. Jumbo 30 year fixed rates currently priced at 4.25%. Jumbo 15 year […]
Where Women Are Closing The Gender Gap in Home Ownership! – Albuquerque wins!
An article came out yesterday in Trulia showing that Albuquerque is leading in closing the gender gap for home ownership and pay! In Albuquerque, NM, the pay gap between men and women decreased by 25% to 2015 from 2008. Meanwhile, women are 1.15 percentage points more likely to have 4 years of college or more. […]
WHAT DID THAT HOME SELL FOR?
How’s the Market?
Far North East Heights Market Statistics
High Desert Market Statistics
For the neighborhood of High Desert – the following graph is showing some statistics on sales and current listings / prices for the area – showing Median* Sales price. (*denoting or relating to a value or quantity lying at the midpoint of a frequency distribution of observed values or quantities, such that there is an […]