May this be a day of reflection and thanks for everything we have.
Happy Thanksgiving, from our table to yours!
Property Spotlight: 6909 Mete Sol NW, Albuquerque New Mexico RENTAL AVAILABLE
6909 METE SOL NW ALBUQUERQUE, NM Luxury rental property is available in a beautiful NorthWest area of Albuquerque. Forever views, a community pool, a park, and running, and hiking trails surround this prestigious neighborhood. This property features a gas fireplace, 3 spacious bedrooms plus a large loft space, office space downstairs, a chef kitchen, […]
Interest Rates, June 15, 2022
Today’s announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months. So far, the short-term fed funds rate that the Fed directly controls has risen by 175 basis points. But the 30-year fixed rate mortgage has risen even […]
Open Houses in Albuquerque, New Mexico
….and surrounding areas! Plan ahead, and find updated Open House events! Open Houses are the best way to get familiar with a real estate market, visit the various neighborhoods and decide which area and home style is right for you. Each Albuquerque community is unique, featuring different amenities and featured lifestyles. All prices, all styles, […]
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 […]
How to buy a home in this market in 2022 – New Mexico edition
You have probably heard what a “crazy” market it is out there to buy a home. While it is an imposing project, it’s not impossible and I will try to show you the best steps to take in order to purchase a home in today’s market. STEP ONE – PREQUALIFICATION 1. The first step is […]
Greater Albuquerque Area Set Record Highs in Home Sales and Prices for 2021
Albuquerque, NM (January 28, 2022) Total sales of single-family detached homes in the Greater Albuquerque market rose 8.5% percent from the previous year to top 15,000 sales for the first time. Home sales prices also saw record highs with the Median Sales Price of $290,000 rising 26.5% percent from the previous year and an Average Sales […]
Thanksgiving – 2021
Thanksgiving is a national holiday celebrated on various dates in the United States, Canada, Grenada, Saint Lucia, and Liberia. It began as a day of giving thanks and sacrifice for the blessing of the harvest and of the preceding year. Similarly named festival holidays occur in Germany and Japan. Thanksgiving is celebrated on the second Monday of October in Canada and on […]
3rd Quarter 2021 Market Statistics for Albuquerque Real Estate
There were 3.737 Closed Sales in the 3rd quarter 2021 for detached homes representing a 6.03 percent decrease when compared to 3rd quarter 2020. The Median Sale Price for detached homes increased to $298,000, a 16.86% percent increase from 2020 The Average Sale Price also rose 17.17 percent to $344,775. For more information about the […]
Inventory and Home Sales Continue to Rise, August 2021 Home Sales Hit Record High
“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 […]