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 […]
“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 […]
One of New Mexico’s most celebrated events is coming! Enjoy the official Guide and Information! SANTA FE INDIAN MARKET | AUGUST 21 – 22, 2021 One of Santa Fe’s most iconic and popular events is one that pays tribute to the Indigenous people of the United States and Canada. The Santa Fe Indian Market provides […]
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 […]
Acceleration clause A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed. Be knowledgeable about Home Ownership! It’s important! This is excerpted from the glossary included on the National Association of REALTORS® (NAR) website. For more information about real […]
2,315 March sales have been reported to the New Mexico Association of REALTORS (NMAR). “This number brings the 2021 year-to-date sales numbers to 5,714, nearly 400 sales more than year-to-date numbers reported in 2020,” according to Danny Wm. Vigil, NMAR President. “A lack of homes on the market contributes to both a mere 56 days-on-market […]
Home Prices gain in 2020 as low inventory fuels demand Albuquerque, NM (February 1, 2021) – Despite a pandemic, REALTORS® saw a record year in Single-Family Detached home sales in 2020, with the number of sales increasing 6.1 percent over 2019 numbers. The high demand and low inventory again saw improvements in the Median Sales Price […]
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