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Real Estate News For Buyers and Sellers

It’s been frustrating for homebuyers lately. Not only have home values risen, but many buyers are also facing sticker shock when they see what the mortgage payment will be. It's hard to overcome that feeling. In response, many buyers are turning to new builds. Why? Because often, you’re not just buying a house — you’re buying a mortgage payment you can live with. Builders understand this...

2025 Real Estate Outlook

After reading many articles, looking at quite a few statistics and then trying to put it all together, I wanted to give my readers a viewpoint on what I see as a possible outlook for the Real Estate Market for 2025. (this information came mainly from Realtor.com & Albuquerque local MLS information) MORTGAGE RATES & HOME PRICES It is expected mortgage rates to average 6.3% throughout 2025,...

Feds cut their rates but mortgage rates go up???

  It is hard to understand how it can be, if the Feds make a rate cut yet mortgage rates go up! Below is an email that was sent to me by a lender at Waterstone Mortgage. I hope this can help you understand this. Banks don't always act the way you expect them to, and this week is an example. The Federal Reserve cut short-term interest rates on Dec. 18. So what did mortgage rates do? They went...

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Mary Cockburn - 5 Star Real Estate Agent serving Edgewood, Albuquerque, & East Mountain