December 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 …
View MoreOur weather has been very mild for our “Fall” season – just depends on the day if it is fall, winter or summer. Additionally, can you believe interest rates continue to be below 3%!
Construction spending continues to be high, with a …
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Have you been wondering why New Construction home prices are so high? There have been recent spikes in the cost of lumber. The higher cost of lumber is adding more then $15,000 to the typical cost of a new single-family home …
View MoreMarket Moment - October 5, 2020
With October, we welcome lower temperatures (most days), and lower interest rates! It’s hard to believe that interest rates could go any lower, such as 2.5% on a 15-year conventional loan!
Consumer confidence, and spending, surged to the highest levels since the start …
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Not wanting to sound like a broken record, but mortgage rates continue to be holding at all time lows of around 3%. Existing home sales are strong with new mortgage application submissions up by 3%.
For the week ending in 9/19 …
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Market Moment - Sept 14, 2020
Mortgage rates continue to trend downward, hitting the lowest levels in the past 12 months. The word from the Federal Government is that they intend to keep interest rates low while the economy recovers. Interest rates continue to hover around 3%.
Small-business optimism declined …
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Market Moment – Sept 8, 2020
Hope everyone enjoyed their Labor Day Holiday whether you relaxed, did home projects, or got out and enjoyed our New Mexico Weather.
This week my market update is about the Unser Gateway. This area is a focused growth point for home builders and …
View MoreAnd just like that August is over and September will hopefully bring us cooler temperatures. The holiday season is just around the corner.
The Housing Market continues to be an episode of Fast and Furious. Buyers having to act extremely fast to …
View MoreOh, the Roller Coaster Ride know as Mortgage Financing. If you are looking to Re-Finance your current mortgage, be sure to talk to your lender before starting the process. Fannie and Freddie just instituted a 50-basis point price change. This could change your mind about refinancing.
For …
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