Are you thinking about selling your home? Supply is low and demand is high right now, which means many sellers are seeing quick turnarounds and healthy profits. Still, despite the hot market, selling a home isn’t easy. If you want the experience to be as smooth as possible, prepping early and enlisting help...
BY STEPHEN HAMWAY / JOURNAL STAFF WRITER Tuesday, August 10th, 2021 at 5:37pm ALBUQUERQUE, N.M. — Albuquerque’s median home price in July dropped very slightly from June’s record-setting total, but the broader trend of rapid home price growth is still going strong, particularly at the top of the market. "We are still seeing a lot of buyers and not enough houses on the market,” said Belinda...
Tuesday July 6th, 2021 For Sellers, Housing Market Updates, Move-Up Buyers, Pricing Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability...
Tuesday June 29th, 2021 In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than...
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world...
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Checkout this article in the Albuquerque Journal written by Stephen Hamway, Journal Staff Writer. "Limited inventory and strong demand for new homes have caused prices to skyrocket in what was once one of the West’s more leisurely housing markets." "In May, the median price for a single-family detached home in metro Albuquerque reached $290,000 – a market record and a staggering 26.1% increase...