Edgewood NM Real Estate Report

It’s been a long time since I’ve published an Edgewood NM Real Estate Report, but it looks like the market has been recovering quite nicely. Over the next several days I’ll be looking at the other Albuquerque east mountain communities as well – Cedar Crest, Sandia Park and Tijeras. It will be interesting to see […]

Albuquerque Real Estate Market Stats for 2016

2016 was a very good year for the Albuquerque real estate market. Home sales were strong and home values were definitely moving in the right direction – for homeowners that is. If you’re a home buyer, the market is becoming very challenging! Total Home Sales It was the best year for home sales since 2006! […]

FHA 203K Rehab Loan Lets You Borrow Money to Remodel

Have you heard about the FHA 203K Rehab Loan? It’s a special loan that lets you borrow money to remodel. Turn that fixer upper or that foreclosure home into your dream home. There are two types of 203K loans, regular and streamlined. To use the loan you must be planning to live in the home. […]

Uptown Real Estate Report for 2014

Albuquerque Uptown is a centrally located NE Heights neighborhood with affordable homes and shopping and dining at ABQ Uptown Mall. See Homes for Sale in Albuquerque’s Uptown Neighborhood Albuquerque Uptown Real Estate Sales Home sales remained fairly strong in 2014 after peaking in 2013. The average sales price and average price per square foot both increased, […]

What is a Boomerang Buyer?

Have you have heard the term boomerang buyer before? I bet you haven’t, but you will start to soon. Boomerang buyers are important to our economy and boomerang buyers are one of the reasons why the Albuquerque real estate market is going to be hot this spring. A boomerang buyer is someone who purchased a […]

Getting Divorced and They’re Going to Let You Keep the House?

If you’re getting divorced and your soon to be ex spouse is going to let you keep the house, you better stop and ask why. Is it out of the goodness of their heart, or is there something that you do not know? I’ve run across this several times over the last few years, since […]

Day 31 Bullets: Crossing the Finish Line

Here are the day 31 Bullets: And so it ends here, with post #100 in the month of January 2015, that I conclude the Crazy Albuquerque Real Estate Blog-a-thon. It’s been a blast, but it’s been very time-consuming too. Amazingly, in the beginning I was not only writing several posts a day on top of […]

Bye Bye Short Sales and Good Riddance!

The real estate recovery has been slow in the making, and for several years now I’ve been saying that we need to see not only an increase in home sales but also a decrease in the number of short sales and REO (aka bank owned or foreclosure) sales. I’m happy to say we’ve seen a […]

UNM Area Real Estate Report for 2014

Homes near the University of New Mexico will always be popular with home buyers. Most of the homes are older, but there are plenty of rehabbed houses sprinkled in and even some brand new homes and condos as well. There’s plenty to do in the area and the neighborhood is very walkable. See Homes for […]