By: VERONIKA BONDARENKO, Inman.com If seeing your home full of moving boxes has made you tear up, you’re not alone. Thirty-six percent of all American homesellers have cried at some point while selling their home, a nerve-wracking experience that can rival a divorce or dramatic break-up in terms of stress, according to a new Zillow study that also found that a whopping 20 percent of all sellers who admitted to shedding tears did so five or more times during the agonizing … [Read more...]
What To Do in Downtown Albuquerque
Written by: Jeremy Alderman, ZOG Digital, Inc. Albuquerque, New Mexico is defined by its living history museums, green chile, salsa dancing, hot air balloons, baseball, nearby ski slopes, and Native American jewelry. Have you ever experienced an authentic Native American pow wow? You can here at the Gathering of Nations Pow Wow festival in April. The downtown area of the city is home to a newly remodeled convention center, 12-screen movie theater, robust Entertainment District, Civic Plaza … [Read more...]
March 2014 Market Update
Welcome to Q Realty's March 2014 Albuquerque Real Estate Market Update. Q Realty, Inc. thought you'd find this information helpful and is ready to answer any questions you may have about the Albuquerque, New Mexico real estate market. In March, the number of Active listings in Albuquerque was down 21% from 2013 and up 2% from February of 2014. This means that Albuquerque homebuyers had fewer homes to choose from than they did one year ago and the nice homes were selling fast. The median listing price for … [Read more...]
3 Reasons the Housing Market Should Thrive in 2014
by The KCM Crew Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. We have included a quote from the article and a small comment from KCM for all three points. Number 1: 2014 should prove to be the strongest year for housing activity since before the Great Recession “Most economists expect an improved job market in 2014, with employment … [Read more...]
Home prices post strongest annual gain in nearly 8 years
Pace of sales hits 5.36M a year during third quarter, best since 2007 Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR). During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability. Despite the robust … [Read more...]
Citi Launches Rental Effort for Distressed Borrowers
I saw this article and thought it might apply here in New Mexico to keep some distressed Albuquerque Homeowners in their homes. Source: The Wall Street Journal by Alan Zibel "Citigroup is starting a program to allow 500 homeowners in trouble with their mortgages to rent back their homes if they sign over the deed, a step some lenders are taking to help people avoid foreclosure. The bank said Wednesday that it has sold $158 million in loans it holds on its books to a joint venture of Santa Ana, Calif.-based … [Read more...]
5 Questions to Ask Your Home Inspector
Most home buyers feel like they are bona fide real estate experts after all the studying up on loans and neighborhoods, online house hunting and open house visiting it takes just to get into contract on a home these days. But for all but the most handy of house hunters, getting into contract and starting the home inspection process only surfaces how little you actually know about the nuts and bolts and brick and mortar of the massive investment you’re about to make: a home! So, you hire a home inspector, but it … [Read more...]