Highlights (the highlights are a comparison between September 2017 and September 2018)

  • The median detached home (single family residence) price decreased 0.5 percent to $199,990.
  • An increase to the average detached home price by 1.7 percent to $239,282.
  • Overall inventory of detached homes for sale decreased 15.8 percent to 3,298.
  • Another notable number is closed sales for detached homes. They saw an increase 3.1 percent to 1,031.
  • Significant increase in the number of detached homes going under contract (pending). Rose 22.1 percent to 1,037.

Click Here to Download Full Report

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Highlights (the highlights are a comparison between September 2017 and September 2018)

  • The median detached home (single family residence) price decreased 0.5 percent to $199,990.
  • An increase to the average detached home price by 1.7 percent to $239,282.
  • Overall inventory of detached homes for sale decreased 15.8 percent to 3,298.
  • Another notable number is closed sales for detached homes. They saw an increase 3.1 percent to 1,031.
  • Significant increase in the number of detached homes going under contract (pending). Rose 22.1 percent to 1,037.

Click Here to Download Full Report

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Do you work for one of the following companies? If so, you could save $1,000 on your next home purchase with The Employee Benefit Program if you work with our local lender Mortgage Finance of America. Call us at (505) 886-1432 to find out more.

Don't forget about additional loan programs where your down payment is a grant, second loan, NEXT Home, Public Service loans, and first time home buyer loans.

Employee Benefit Program Albuquerque

  • PNM
  • TLC Plumbing
  • Walmart
  • Sandia Resort and Casino
  • Isleta Resort and Casino
  • UA Local 412 Plumbers Union
  • Giddens Law Office
  • ATSE Local 480
  • US Forrest Service
  • Los Alamos National Labs
  • Lovelace Health System
  • New Beginning Healthcare
  • Presbyterian Healthcare
  • Christus St. Vincent
  • Presbyterian Volunteer…

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2018 Daily Event Schedule

For the 2018 Entertainment Schedule click here

…

Saturday, October 6

 

Morning Session

 

Evening Session

6:00

Dawn Patrol Show presented by Route 66 Casino Hotel and RV Park, more...

1:30 - 5:00

AIBF Chainsaw Carving Invitational

6:30

Krispy Kreme Morning Glow

Laser Light Show

6:00

Twilight Twinkle Glow™ presented by Albuquerque Journal

6:45

Opening Ceremonies

7:45

Laser Light Show

7:00

Mass Ascension, presented by Canon, more...

8:00

AfterGlow™ Fireworks Show presented by Sandia Resort & Casino

8:30 - 11:30

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Do You Want To Trade In Your Current Home For a Brand New Home? Don't think you can sell... This may be your solution to upsize or downsize your current home. Can you answer "YES" to these questions?

  • Do you own a home now?
  • Do you want to "trade-in" your home for a smaller or larger newly constructed home?
  • Do you think you might have trouble selling your current home?

We are here to help people get into new homes that they want despite the changing real estate market making that may make it difficult to sell your current home. I will buy your home if we can't sell it!

Why stay unhappy in the home you are in? Let us help you open the door to a new home you want to be in!

To get started, you and I need to know the value of your home click…

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Highlights (the highlights are a comparison between July 2017 and July 2018)

  • The median detached home price rose 4.1 percent to $208,000
  • The average detached price rose 3.7 percent to $246,862
  • Days on market before sale is 48 days. 57 days YTD.
  • Overall inventory of detached homes for sale decreased 14.2 percent to 3,368
  • The number of closed sales for detached homes increased 3.5 percent to 1,121
  • The number of detached homes going under contract rose 15.5 percent to 1,271

Click Here to Download Full Report

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Listed at only $107,900 this 2 Bedroom 1 Bath could make for a great 1st home or rental investment. Give us a call today at (505) 886-1432 to schedule a showing.

Click for more information

336 General Chennault Street Ne Albuquerque, NM 87123

Lasted Foreclosure Listings

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We all keep hearing the same thing, the market is going to slow or have a correction in the near future. While that may be true a complete market crash is not likely and prices will most likely hold steady or decrease slightly even as interest rates continue to climb.

We know rate will go up (it has to) but if you are waiting for the prices to drop you may be taking the wrong course. Take a look at our example below...

200K @ 4.5% = Payment of $1013*.  Loan cost over 30 years $364,813

178K @ 5.5% = Payment of $1010*.  Loan cost over 30 years $388,367 (21% drop in price to maintain similar payment)

Rate has everything to do with cost over time. This example assumes a price drop of 10% which is not likely...so in the end it waiting could cost…

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If interest rates go up it could have a significant impact on your purchasing power and payment. Let's look at an example below.

$200,000 Loan amount - 30 year fixed mortgage:

Interest Rate Monthly Payment Increase in Payment From One Rate to The Next Increase From Current Rates
3.5% $895    per month 0 0
*4.5% $1,013 per month $118 (Roughly current rates 2018) 0
5.5% $1.135 per month $122 $122
6.5% $1,264 per month $129 $251
7.5% $1,398 per month $134 $385
8.5% $1,537 per month $139 $524

...OR...

Look at it this way.

Here is how much home loan you get for the same payment: 

Loan Amount Interest Rate Monthly…

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