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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
