Well, 2009 is over.
What does that mean? For the Albuquerque residential real estate market, there are some very positive signs that we have hit bottom. There are some who are suggesting that there may be a “double bottom” but that remains to be seen.
The last five years.
Here are some numbers that might be encouraging. Let’s go back to ...
Sales of single family detached homes in metro Albuquerque increased during October, defying the traditional seasonal slowdown. The 731 detached homes sold during October were an 11% increase over the 661 homes sold during September. October sales were up 43% from October 2008 and more than double the 324 homes sold in January, the period of slowest sales during the current cycle.
The October sales ...
Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units
NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million ...
The Importance of Acting NowWaiting Really Could Cost You
Low interest rates this year have lulled many people into believing that home loan rates in the 5.00% and lower range are "normal". This is not the case and if you are in the position where you could refinance or are considering buying a home, complacency is not your friend.
Stimulus provided by the Obama administration ...
Albuquerque, NM 8/24/09
COLDWELL BANKER LEGACY, NEW MEXICO’S LARGEST RESIDENTIAL REAL ESTATE COMPANY PURCHASES THE ASSETS OF BROADCAST REALTY
The transfer included the owners of Broadcast Realty, Max Sklower and Stan Byars, as well as most of the Brokers who practiced Real Estate with Broadcast Realty. Both of these owners had extensive management experience in the radio ...
The $8,000 tax credit for first time buyers is working, drawing new people into the market and providing a big reason for growing home sales in metro Albuquerque. While the program ends November 30, as a practical matter, it ends in early September. That's because it typically takes from 45 to 60 days from signing a purchase agreement until a sale closes. You must close and fund on your new home by ...
The number of detached homes sold in metro Albuquerque during July increased from July 2008. The 735 sales represented the first year over year increase since April 2006. The improvement wasn't large, 31 sales or 4.4%, but as is said about athletic contests, a win is a win. July sales were also up 13.2% from June, continuing the monthly sales growth that began in February.
The total value of detached ...
by Kenneth R. HarneyThere was an important piece of economic news last week that has HUGE significance for real estate and housing, but it got minimal coverage on TV and in print. The Conference Board's Index of Leading Economic Indicators, widely acknowledged as the most accurate predictor of future activity and output in the U.S. economy, rose by almost a point in June. That was the third straight ...
During the past 20 years, the median price of an existing single family home in metro Albuquerque has gone from $144,100 (in 2008 dollars, that is, adjusted for inflation) to $186,500, says the annual "State of the Nation's Housing" report from the Joint Center for Housing Studies at Harvard University. (See www.jchs.harvard.e du/son/index.htm.) The price increase reflects more amenities and larger ...
Events and trends in the real world of the metro Albuquerque real estate market appear heading in a good direction.
Rio Rancho generated the big news during June with a 20% increase in sales of detached homes over June of 2008. June sales in Rio Rancho were also up 35% from May.
For the entire metro area, the median and average sales price rose in May for both detached homes and ...
