Explore Albuquerque, NM

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
It now appears that the first time buyer is making a huge comeback this year after all.According to recent survey information revealed by Zillow, 53% of all buyer sales in 2016 have been to first time buyers!And in spite of well-publicized recent concerns to the contrary, millennials are featuri...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
We were very intrigued to read an article that appeared on investors.com very recently, showing that, in New Mexico and no less than 41 other states, renting is now more expensive than buying, when looking at median monthly rent prices for single family homes, compared with paying a monthly mortg...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
With the kids going back to school and football season approaching fast, there are plenty of signs around that summer will soon coming to an end.And what a summer it has been in real estate.As we reported last Friday, the Albuquerque area has seen very good year-on-year growth recently and, as w...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
Figures just released by the Greater Albuquerque Association of REALTORS® (GAAR) should make for very good reading for anyone currently selling their home, or contemplating doing so.These stats contain good news in several key categories.The median price of a detached home rose by 3.2% ($189,900)...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
There's been some interesting news already this week from The Federal National Mortgage Association (FNMA), better known as Fannie Mae, the government sponsored, leading source of financing for mortgage lenders.Fannie Mae reports that its Home Purchase Sentiment Index rose by 3.3 points in July t...

By Manish Chanda
(Everest Peak, Inc.)
Comments 2
Let's face it, the time you're going to learn the most about the house purchasing process is when you first buy.It's been said that one in five first time homeowners experience some sort of regret after the deal has closed.We thought it would be a good idea to provide some tips on eliminating som...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
The recently published, and widely publicized, Zillow Real Estate Market Report for June, certainly paints a great picture of a very, very hot market all over the country, and we're not talking about the sizzling temperatures.Consider, for instance that homes are closing faster at the moment tha...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
The Greater Albuquerque Association of REALTORS® (GAAR) has just released its review of the second quarter of 2016.Quarterly reports are always interesting to study, as they tend to point to more sustainable trends than month-to-month statistics.Compared to the second quarter of 2015, single-fami...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
We'd be the first to admit that, at first glance, the title of today's blog may seem to be the wrong way round, but stay with us a minute on this.While it's obviously the case that the sellers and their agents have to, well, sell their home to you in the first place, once the time comes to make a...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
  With such a vibrant homes market in the Albuquerque area at present, there is a temptation for sellers to assume that delaying listing their property could lead to even better returns on the sale in the future, especially if they have the luxury of being able to wait.Such decisions to procrasti...

By Manish Chanda
(Everest Peak, Inc.)
Comments 2
Yesterday's widely publicized Mortgage Monitor Report by Black Knight Financial Services revealed a number of significant statistics about the national picture on the housing market, as well as some data on price appreciation that's of particular interest to New Mexico residents.The report stated...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
It's the ideal all home sellers hope for - a fast, trouble-free sale with the best financial return.In truth, with buyer sentiment arguably at an all-time high just now, that goal is certainly easier to achieve than it might have been a few years back.But this doesn't mean that there is any room...

By Manish Chanda
(Everest Peak, Inc.)
Comments 3
With such a buoyant homes market right now, you might be forgiven for thinking that selling property is pretty much plain sailing these days.While there's no question that buyers are practically waiting in line for the right home, given the low cost of home loans and the present low levels of ava...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
It would be totally remiss of us if our blog theme today was anything other than mortgage rates.They are now at their lowest levels in years, with average 30 year interest rates dipping below 3.60%. They have dropped by around a quarter point in just five weeks.One of the main factors in this in...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
Our recent blogs have often touched on what a great market it is at the moment, for both buyers and sellers.In fact the only really significant chink in the armor at present is the continuance of low supply of available homes.While it creates fabulous, low-competition/price-resilience opportuniti...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
While it is great to be able to consistently report how well the local real estate market is fairing, it's also true to say that correct pricing of your home is still a critical element in the selling process.Although fast sales and multiple offers are much more commonplace these days, and even a...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
If you're contemplating buying your first home, there were two significant events affecting you positively this week.Yesterday there were widespread reports that mortgage rates had plummeted to three-year lows.This very welcome news followed the Federal Reserve's decision on Wednesday not to rais...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
We're now almost exactly at the halfway mark in 2016.It therefore seems a good time to look ahead at prospects for the second half of the year and we thought a good way of assessing future possibilities would be to carry out a SWOT, or Strengths, Weaknesses, Opportunities and Threats analysis, ba...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
Figures released this afternoon by the Greater Albuquerque Association of REALTORS® (GAAR) demonstrate an increasingly healthy homes market in our area.These latest statistics, reflecting on performance in the area last month, show the growing strength in the market as we approach the halfway ma...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
Embedded from MGIC ConnectsDid you know that single women are now the second largest group of home buyers in the nation?According to the above very recent infographic by Mortgage Guaranty Insurance Corporation (MGIC), while married couples represent 54% of all American home buyers, single women a...

Albuquerque, NM Real Estate Professionals