The real estate market in Albuquerque is a unique blend of historic charm and modern allure. From the adobe-style homes in Old Town to the contemporary properties in bustling neighborhoods, the city caters to a wide spectrum of preferences and lifestyles. However, this rich variety can make the buying or selling process overwhelming. Pricing intricacies, neighborhood dynamics, legal formalities, and market fluctuations can swiftly turn a seemingly simple transaction into a daunting challenge. This is where a professional REALTOR® becomes an indispensable ally. The Role of a Professional REALTO ..read more

Why is this important? This has deep-down data to explain the confidence markers for the market around the country. The real estate market has seen fluctuations lately but all in all, it is still a healthy place to put your investments! I hope you had a Thanksgiving to remember, and let’s gear up for the New Year!  Is a new Albuquerque home for you in 2024?  Do you need to sell your present home or a family member‘s home? Call on me anytime to assist, and I’ll be glad to help. The post REALTOR CONFIDENCE INDEX SURVEY first appeared on Real Estate in Albuquerque ..read more

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening. Housing supply comes from three main so ..read more

Determining whether it is cheaper to rent or buy a home in Albuquerque, New Mexico depends on various factors such as current real estate market conditions, interest rates, your financial situation, and your long-term plans. Here are some considerations:   Renting a Home: Upfront costs: Renting typically requires a security deposit and sometimes the first and last month’s rent. These costs are generally lower compared to a down payment when buying a home.   Monthly expenses: Renting involves paying monthly rent, which can fluctuate over time due to market conditions or lease renew ..read more

Home Inspections for Sellers: What You Need To Know Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert on your side who can help you determine the repairs and updates your house needs before you sell. The post Albuquerque Home Inspections first appeared on Real Estate in Albuquerque ..read more

What’s Ahead for Home Prices in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond. Selma Hepp, Chief Economist at CoreLogic, says: “While 2023 kicked off on a more optimis ..read more

Don’t forget!  It starts this weekend!!   In the U.S., daylight saving time starts on the second Sunday in March and ends on the first Sunday in November, with the time changes taking place at 2:00 a.m. local time. With a mnemonic word play referring to seasons, clocks “spring forward, fall back”—that is, in springtime, the clocks are moved forward from 2:00 a.m. to 3:00 a.m. and in fall they are moved back from 2:00 a.m. to 1:00 a.m. Daylight saving time lasts for a total of 34 weeks (238 days) every year, about 65% of the entire year. **Wikipedia I don ..read more

Where Will You Go After You Sell Your House?     Some Highlights If you’re thinking of selling your house, be sure to explore all the options you have for your next home. Both newly built homes and existing homes offer plenty of unique benefits. If you have questions about the options in our area, let’s discuss what’s available and what’s right for you. The post Where Do I Go After I Sell My House? first appeared on Real Estate in Albuquerque ..read more

What’s Really Happening with Home Prices?   Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%. Let’s connect to find out how much equity you have in your ..read more

Tips To Reach Your Homebuying Goals in 2023     Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Let’s connect so you have expert advice on how to reach your homebuying goals this year. The post Tips To Reach Your Homebuying Goals in 2023  first appeared on Real Estate in Albuquerque ..read more