How the Short Term Rental Housing Market affects Albuquerque Buyers and Sellers
Albuquerque real estate market, short-term rentals (STRs) can impact your house’s marketability. Let’s delve into their role and impact: Housing Crisis and STRs: Albuquerque is currently grappling with a housing crisis. As our population grows, safeguarding our limited housing stock for local families and future homeowners is crucial for long-term prosperity. While STRs contribute to the…
Read MoreAre We in a Housing Bubble?
We’re currently witnessing a housing market surge, which has raised concerns about the possibility of a housing bubble. Let’s delve into what a housing bubble is and whether we might be experiencing one: Definition of a Housing Bubble: A housing bubble occurs when residential real estate prices sharply rise due to factors like demand, speculation, and exuberant spending. This surge creates an…
Read MoreAlbuquerque Housing a Seller’s Market in 2024
Albuquerque is currently a seller’s market, according to an analysis by Knock, a home loan company. In fact, it ranks as the 10th best market for sellers. The forecast indicates that Albuquerque will continue to be a seller’s market for the next year. Despite nationwide shifts favoring buyers, Albuquerque still experiences a shortage of homes, contributing to its seller-friendly conditions.…
Read MoreHybrid Fee Structure Explained – Realabq.com; early adapter with experience
Traditional Real Estate Route: Traditional real estate firms offer comprehensive services to home sellers. These services include: Evaluating the home, property, neighborhood, and market data to determine a fair list price. Managing photography and virtual tours. Marketing the home on the Multiple Listing Service (MLS) and syndicated sites. Placing a “For Sale” sign in the…
Read MoreWhy This Housing Market Is Not a Bubble
Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by…
Read MoreWhere Have all the Albuquerque Houses Gone?
626 homes available in the Metro counties in January Median home price Metro wide was $304,000 Median Single Family price was $310,000 20 days from listing to escrow across Metro 986 new listings hit the market in January 1,005 deals were inked, pending sale 893 Homes closed Holy cow inventory is tight! As I write…
Read MoreJanuary Offers Few Homes to Albuquerque Buyers
New listings dropped 4.4% over January 2020, with 1,068 homes coming on market compared to last January’s 1,117 This January averaged 751 homes available, 60% fewer than the 1,891 homes available in January 2020 Albuquerque Metro closed 882 single family homes in January, a 13.8% jump over January 2020. 1,181 homes went pending, 20.6% more…
Read MoreAlbuquerque Home Prices End Year on December High
Albuquerque Metro closed 1,170 single family homes in December, a 20.7% jump over December 2019 and 980 homes went pending, 38.6% more than 2019 For the whole of 2020 13,669 homes closed across Albuquerque Metro, a 5.6% rise over 2019. The median price of a single family home in Albuquerque Metro was $265,000, and all-time…
Read MoreOctober Home Prices set Records (Again)
Home sales across Albuquerque continue to set price records, even in October, defying the typical fall price slump. Buyers are begging for more homes in this hot market –
Read MoreAlbuquerque Home Prices Stay Strong at Summer’s End
August home prices set another record in Albuquerque, exceeding July prices. September finally saw prices relax, but that was to be expected. Read the RealABQ review of the third quarter end and download stats here
Read More