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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 accus...

By Manish Chanda
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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, howe...

By Manish Chanda
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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 the year, in case y...

By Manish Chanda
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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 homes isn'...

By Manish Chanda
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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 poin...
We've just taken a close look at the November statistics recently released by the Greater Albuquerque Association of REALTORS® and they once again make excellent reading for sellers.These figures confirm the expectations we expressed last month that the Albuquerque area homes market is vibrant as...
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 sin...

By Manish Chanda
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We're already at that point in the year when we often begin to take stock of our situation and start to formulate our plans for the New Year that's fast approaching.If your home has been on the market for some time and has yet to sell, it could well be that you'll be reviewing the performance of...
We can hardly believe it either, but there are just 23 days left until December 25th.As often happens, you may be struggling to think of gift ideas, but have you thought that your house could maybe also do with some TLC at this time?This is especially true if you're planning to sell in the New Ye...
An Albuquerque Journal online article certainly grabbed our attention earlier today.The report said that latest Standard & Poor’s CoreLogic Case-Shiller national home price index, released today, is slightly above the peak it reached prior to recession in July 2006, rising 5.5% between September ...
First of all, we hope you and your family had a fantastic Thanksgiving Day and if you've been shopping today that you found the bargains you were looking for.Thanksgiving always heralds in the start of the Christmas season and, rather less joyously, another annual tradition we get to see in the r...
The Thanksgiving holiday is almost upon us and we couldn't help but be inspired by a recent feature on Albuquerque at movebuddha.comThe article called "38 Tips on Moving to Albuquerque, NM: Relocation Guide." highlights the good, and not so positive, aspects of living in the city, which any guide...
It's great to be able to report that the positive market trends we've been seeing all year in the Albuquerque area real estate market appear to be continuing deep into the fall.The latest statistics, for October, recently released by Greater Albuquerque Association of REALTORS® (GAAR) are perhaps...
In retrospect, it was perhaps inevitable that financial markets would react to the election result last week, regardless of who won.After an immediate downward reaction to the result, stock markets quickly rallied, which caused bonds, a safe-haven investment when stocks are unattractive, to sudde...
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 re...

By Manish Chanda
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Many homeowners will remember the pain caused by The Great Recession years, not least the dramatic effect it often had on the home equity they had built-up.How great, then, to be able to report that home equity has been making a stunning comeback over the past few years of recovery.According to a...
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 ...
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,...
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 su...
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 lear...

Albuquerque, NM Real Estate Professionals