We've just read a very interesting Forbes article concerning the continuing prominence of millennials (36 years and younger) as home buyers. The report quoted the National Association of REALTORS® 2017 Home Buyers and Sellers Generational Trends Report, which says that, for the fourth consecutive year, millennials are the largest group of home buyers and that almost 40% of home … Continue reading What’s Important When Millennials Buy A Home?
When New Mexico's 2016 history book is written, it's a fair bet that one of the main headlines will be Facebook's recent decision to create a major $1.8 billion new data center in Los Lunas. It's actually difficult to overstate the tremendous ripple effect that Facebook's arrival in New Mexico could have on our economy. The … Continue reading Why Facebook’s Arrival Should Be A Big Win for Home Owners
If, as a prospective house buyer, you were to ask us what's the single best piece of advice we could give you right now, we'd not hesitate to say: "get pre-approved for your mortgage". In fact, with low inventory of available homes for sale this has become an even more important pre-requisite. To explain why … Continue reading Why Pre-Approval For A Mortgage Is Even More Important Right Now
A CNBC article caught our attention recently. It looked at the number one thing buyers regretted when they purchased a home. We highly recommend that you read the whole, very interesting, article. To cut to the chase, however, the key mistake was identified as choosing the wrong size of property. Most said that they had chosen too … Continue reading Create A Plan to Get Home Buying Right First Time
We were intrigued by a recent KOB4 article — see below — that focused on how Albuquerque is changing and adapting to accommodate more and more tourists. With a great mix of affordable outdoor attractions, climate and a diverse cultural program, the area is already nationally recognized as a top summer and winter vacation destination and it looks like … Continue reading Vacation Rentals — A Rising Opportunity for Albuquerque Property Investors
We've devoted quite a lot of space in recent blogs to the simple truth, despite the myths, that fall and winter are great times to sell your home and especially so at present with high buyer demand sustaining extremely well and still very low mortgage rates. Would it therefore surprise you to learn that your … Continue reading Will You Be Able To Count On Your Agent’s Support in the Coming Weeks?
Regular readers of this blog will know that we always like to report current market conditions as soon as possible after they are published each month by the Greater Albuquerque Association of REALTORS® (GAAR). And every few months we also take a close look at the situation through the benefit of a wider lens when … Continue reading Albuquerque 2nd Quarter Statistics Reaffirm Excellent Market Growth
The latest set of real estate market stats, just issued by the Greater Albuquerque Association of REALTORS® (GAAR), show exciting home price growth in September. Compared with the same period last year, the median detached price rose 18.4 percent to $195,000, while the the average detached price grew by 2.7 percent to $227,898, building on … Continue reading Newest Albuquerque Area Market Stats Show Significant Home Price Increases
Sometimes it's easy to overlook just how great current real estate market conditions are in the Albuquerque area. In so many ways, it's a win-win for sellers and buyers, thanks in no small measure, of course, to the continuance of low mortgage rates that, in spite of low inventory of available homes for sale, are … Continue reading Five Reasons Why The Current Albuquerque Area Market Is So Good for Sellers
At least once a month, we dedicate a blog to a report on the current state of the Albuquerque area real estate market. Of course this has made for very pleasant reading in recent times and there's just no sign of a let up any time soon (though no guarantees things will stay as they … Continue reading Understanding Two Key Motivating Trends in ABQ Area Real Estate