Every few months, we like to review and contextualize the latest Greater Albuquerque Association of REALTORS® quarterly statistics for you, especially as they provide a wider perspective of market trends than month-to-month reports. Once again, it's very pleasing to be able to tell you that the recently published third quarter figures reaffirm the general positivity … Continue reading Quarterly ABQ Area Stats Reaffirm Robust Real Estate Trends
Although it's often still referred to in a wide range of situations, the height of the Great Recession was actually quite a few years ago. This was brought home to us recently when we read a Housing Wire article that suggests that millions of Americans are starting to see bankruptcies beginning to fall off their credit report. … Continue reading Are Even More Homebuyers About To Hit The Real Estate Market?
Life is, if nothing else, a series of contrasting phases. It can also be argued that real estate follows a very similar pattern. Typically, there are three major phases in house buying. First time buyers are usually looking for a home that allows them to "get on the ladder" of home ownership. In general, this … Continue reading When is Downsizing The Right Option?
Any review of the real estate year in 2016 would be incomplete without a look back at mortgage rates, as they were again arguably the biggest influence in the market. The year started with widespread predictions of a gradual rate rise to between 4.5% and 4.65% by year end. Almost immediately, however, those forecasts were … Continue reading Year in Review 4: Mortgage Rates
We recently took a look at The Federal Reserve's Report on the Economic Well-Being of US Households in 2016, published in May. This is a very detailed 172 page document that explores a very wide range of data, but one item that quickly caught our attention was the section that looks at the results of a survey of … Continue reading Do All Renters Really Need to Rent?
We hope that you've enjoyed our blogs throughout 2016. We've certainly had a lot of fun bringing you the usual mix of real estate news, views and advice in the past 12 months. As is now traditional at this time during the holidays, here is a list of a key blog from each month of … Continue reading Year in Review 3: Blog Highlights of 2016
Low inventory of available homes for sale has been a long standing issue in many parts of the country and the Albuquerque area is no exception to that rule. In our review of 2015 we looked at low inventory and, 12 months on, the situation is even more acute. Of course a lack of available … Continue reading Year in Review 2: Low Inventory
Let's face it, life has a nasty habit of throwing up problems at irregular and unscheduled intervals. And just like waiting what seems like ages for a bus, a few can suddenly arrive out of the blue and all at once. Nowhere is this more true than when it comes to the wide range of … Continue reading Worried About Maintenance and Repair Costs? – How About A Home Warranty!
While not every real estate expert prediction comes true, one that certainly did come through in style during 2016 was the most significant return of the first time buyer for many, many years. By August, we were able to report that, according to a Zillow survey, 53% of all buyer sales by that point in the … Continue reading Year In Review 1: First Time Buyers
If ever a month seems to fly by, it is December. Incredibly, there are just 22 more days left in 2016... It's therefore quite possible that you have been considering, or maybe have already decided on, your resolutions for the very soon to be with us New Year. Are you're still renting? If so, we … Continue reading Will 2017 Be The Year You Finally Stop Renting and Buy a Home?