We were intrigued to read a new report from Zillow, demonstrating that the Albuquerque area is performing relatively well in terms of housing affordability. Called the Breakeven Horizon, the report, by Zillow, estimates the number of years you would have to live in your home for buying it to have been more cost effective than … Continue reading Albuquerque Area Compares Favorably in New Housing Affordability Report
With just one more full day left in 2016, it's time we started to look forward to prospects for the Albuquerque area real estate market in 2017. With a new president being sworn in on January 20th, there's no question that next year will see a range of changes to the landscape we've all been … Continue reading A Look Ahead to 2017 – What’s in Store for Albuquerque Real Estate?
Buying investment property is an increasingly popular way of developing a passive income through rentals. And we've just come across a recent report by the Pew Research Center that strongly suggests, by implication, this could be one of the best times ever to start a rental portfolio. The Center recently analyzed Census Bureau housing data and concluded … Continue reading One Stunning Statistic Means It’s A Great Time To Invest In Rental Property
It would be fair to say that this blog hasn't exactly been reticent to extol the virtues of buying a home rather than renting. At the end of last week, Trulia.com announced that buying a home is now on average 37.7% cheaper than renting, on a nationwide basis, for households who move every seven years and can … Continue reading “Buy Don’t Rent” – The Decision Is Getting Even Easier!
We were recently intrigued to read some very informative statistics concerning home moving trends, both inbound and outbound, for our beautiful state. This year marks the 40th anniversary of the United Van Lines National Movers' Study, which tracks migration patterns annually on a state-by-state basis. The recently published 2016 study is compiled from household moves … Continue reading Reflections on Moving Trends in New Mexico
We were intrigued to read an article on the Business Insider website earlier this week that provided yet more evidence that millennials (people born between 1977 and 2000) are finally purchasing their own homes in more significant numbers. The article quotes Jeffrey Mezger, CEO of one of KB Homes, one of the nation's largest homebuilders. In a … Continue reading More Signs That Millennials Are Finally Buying Homes In Significant Numbers
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