RECENT BLOG POSTS
An important change in the way credit reports are compiled is due to launch on June 25th.New trended credit data reporting was initially announced last fall by The Federal National Mortgage Association (FNMA), better known as Fannie Mae, the government-sponsored, leading source of financing for m...
05/17/2016
It is, of course, nothing but an absolute pleasure to be able to reflect the exceptional Albuquerque area home market conditions in this blog week after week.This does not mean to say, however, that all sellers are instantly successful.When buyer sentiment is as good as it is right now, there are...
05/16/2016
The latest statistics released this afternoon by the Greater Albuquerque Association of Realtors (GAAR) provide a powerful demonstration of the steady home price growth we are seeing in our local homes market.The Association points out that the median detached home price in April 2013 was $168,0...
05/11/2016
An article this week by The Albuquerque Journal has once again highlighted the fabulous market conditions property sellers are enjoying in the area right now.While acknowledging that inventory of available homes for sale remains tight, it describes the current situation as "a solid seller's marke...
05/07/2016
Despite the best efforts of the real estate industry to strongly warn against it, we still see the occasional "Home For Sale By Owner" sign as we travel around.You naturally wouldn't expect any agent to agree with you if you decide to go for DIY selling. But what we thought might be more useful w...
05/03/2016
On Tuesday we looked at the recent Greater Albuquerque Association of Realtors (GAAR) quarterly market report for January, February and March and noted that, for the first quarter since the third quarter of 2014, the number of new detached listings had increased.Given that the increase was 2.69%,...
04/29/2016
In addition to our monthly analysis of local real estate statistics generated by the Greater Albuquerque Association of Realtors (GAAR), we have now also started to look more closely at their quarterly analysis, in order to spot sustained trends by using a slightly wider lens, as it were.GAAR has...
04/26/2016
When you really sit down and think about it, entrusting your home sale with the right agent is a pretty crucial and far reaching decision.Get it wrong and it can cost you dearly and could mean your home remains unsold, or doesn't realize its true market value.To help you with the process, we thou...
04/22/2016
We keep saying it, but this really is a great time to buy a home.Whether it's your first home, or you're upgrading, or even if you're planning to downsize, there are some quite compelling reasons why you might not want to put off your purchase any longer:Ultra-Low Mortgage Rates - As we wrote in ...
04/19/2016
What a wild ride! - mortgage rates continue to tumble.Given that there were widespread expert predictions at the end of 2015 that rates would progressively climb to somewhere between 4.5% and 4.65% during this year, the contrasting story of mortgage rates so far in 2016 is already remarkable by a...
04/15/2016
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