A week ago today was President's Day. What did you do to honor our Presidents of the past and present? I spent time with my grandchildren and reading about our very first President. In doing so, I wanted to past this article on as I thought it was something we all could...
February 2023
This is from one of lenders I work with, Chris Maxwell from Bank of Albuquerque. You can reach him at: 505-804-3191/cmaxwell@bankofalbuquerque.com National Real Estate News Bottoming out Existing home sales for January 2023 fell (a very modest) 0.7% MoM to an annualized pace of 4,000,000 units. That was the 12th straight month of decline. But look at the chart: it's bottoming. Existing home...
This was sent to me by one of the lenders I have used. Thought you all may like this information. By: Matthew Graham First off, I apologize. You're right. How would I know exactly what you've been told about mortgage rates today? I can only draw the same sort of general conclusion that is so frequently drawn on Thursdays during weeks with lots of rate volatility. The conclusion is that...
This is from New Mexico Association of Realtors for December 2022 Key Highlights • The median sale price increased by 4.24 percent compared to last year. • Home sellers are less active this month 11.63 percent fewer homes being listed. • Sales for the month were down 32.68 percent compared to last year. • Homes are spending 48 days on market, which is three days longer than last year but...