Okay this has nothing to do with real estate – but it’s cool stuff to know It does have to do with home and hearth. Have a wonderful holiday season. Great cooking.
The Impact Your Interest Rate Has on Your Buying Power in Albuquerque
Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are […]
Why You Shouldn’t Take Your Albuquerque House Off the Market During the Holidays
If you are one of the many Albuquerque home sellers who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now! The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale […]
The #1 Reason to Sell Now… Not Next Spring
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an […]
Building Your Family’s Wealth Over the Next 5 Years
Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a […]
Home Prices: Where Will They Be in 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next […]
When Making an Offer, Where Will it Turn Out?
When making an offer on what you hope to be your next Albuquerque home, where do you think the final accepted price will be? Some areas differ in what is expected by a seller, and how the sellers may react to your offer. In some areas of the U.S. it is okay to make a 20% off […]
Should you decorate your home for the holidays when it’s for sale?
Often people ask me if they should decorate their home for the holidays when it’s for sale? I say yes, but with some restrictions SAFETY FIRST! Keep in mind that people will be walking through your home and may not be paying too much attention to where they are walking…keep tree skirts free from tripping […]
Americans Are on The Move
Some Highlights: For the 4th year in a row, the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring. Well you […]
Will Increasing Mortgage Rates Impact Home Prices?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able […]