Do you believe that 8 out of 10 homes are selling ABOVE list price?
Buyers are also waiving inspections and appraisals. How do you feel about today's housing market?
This short article Selling Above List Price talks a bit about how much buyers are paying above list ...
View MoreYou've heard many people talk and compare today's housing market to that of 2008. Many try to tout similarities while others say the markets couldn't be more different.
What about a housing bubble? Are we in one and is it going to ...
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The sun doesn’t appear to be setting on the bustling housing market, even as mortgage rates continue to rise.
The gradual increase in 30-year fixed mortgage rates and a slight dip in mortgage ...
Notes of Interest from the last couple months in real estate.
- There has been a 15% increase in Multi-Generational homes in the last year.
- More first time home buyers are choosing a Conventional loan (59%) over an FHA loan (24%) in Jan 2021 ...
View MoreEach week and sometimes each day, we ask ourselves
"Can the real estate market get any crazier?"
This morning I can answer "YES!"
The number of available homes in the greater Albuquerque MLS system has fallen
BELOW 1000 homes! We sit at 987 listings!
Oh ...
View MoreWe've talked a lot about the residential home market. Today I would like to talk a bit about the Rental Market here in Rio Rancho and Albuquerque.
As we have seen in the housing market, the Rental market for single family homes, is HOT!
Even ...
View MoreThe last few weeks have been very politically infused. With the Democratic win in Georgia, many are anticipating an economic stimulus which could lead to rising rates.
Construction spending continues to increase, where payrolls actually decreased last month. The tourism/ hospitality industry taking the ...
View MoreThe Real Estate inventory in the Greater Albuquerque area is Crazy Low!
This map shows under 1200 homes on the market as of right now. In a good year, we should have over 3000 homes on the market.
If you ...
View MoreDecember 14, 2020
It’s been a while since I talked about our local Albuquerque/Rio Rancho Market numbers. As of this morning, there are only 1279 listings in the Albuq MLS system. As you may recall, a couple months ago we were talking about how low inventory was ...
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The latest news from the National Association of Realtors… “Continued low mortgage interest rates are helping keep the sales number high, and according to the National Association of REALTORS’ (NAR) recent Profile of Home Buyers and Sellers, the coronavirus pandemic has also initiated several shifts ...
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