Interest Rates Soar Over The Past Two Weeks Wow did anyone see what happened in the last two weeks. As of today, FHA interest rates on a 30 year mortgage are now at 4.75. Interest rates on a conventional loan are sitting at 4.5% today. Compared to about two weeks ago, FHA interest rate on a 30 year mortgage was 3.75%. Conventional interest rates on a 30 year mortgage was 3.5%. This is a huge increase in rates in a relatively short period of time. This means your house payment will be approximately $135 higher today than they would have been 30 days ago on a $200,000 mortgage. This is a … Continue reading...
Distressed Rio Rancho Homes for Sale At 40%
Distressed Rio Rancho Homes for Sale At 40% Approximately 40% of Rio Rancho Homes for sale listed in the Southwest Multiple Listing Service are distressed properties. Distressed properties are defined as bank foreclosures or short sales. A short sale occurs when a homeowner sells their home for less than they owe the banks. Inventory A recent search of the Southwest Multiple Listing Service showed there are 721 Rio Rancho homes for sale. There were 94 homes identified as bank-owned homes and 194 homes identified as short sales. In most cases, bank-owned homes and short sales sell for … Continue reading...
How Much Is My House Worth in Albuquerque – Home Value
Unboxing the Value: How Much Is My House Worth In Albuquerque, NM Are you curious about how much is my house worth? Whether you're considering selling, refinancing, or want to know the value of your biggest asset, determining how much my house is worth is crucial. In this article, we will guide you through the process of unboxing the value of your house. Determining the value of your house involves more than just guessing or comparing it to similar homes in your neighborhood. It requires a detailed analysis of the location, condition, size, and market trends. By understanding these … Continue reading...
What is My Home Worth Rio Rancho How Much Is My House Worth
What is My Home Worth in Rio Rancho NM? When trying to determine what is your home worth in Rio Rancho NM, there are a range of factors to consider and the value of your house is not a straightforward calculation. Elements such as the location, the types of upgrades, the size and age of your house, and which school district it falls into all affect its market worth. Therefore, before you approach potential buyers you should get an accurate appraisal of its value - this is something we can assist you with using our data on 'comps', or comparative sales for homes similar to yours in the same … Continue reading...
What is My High Desert Home Worth? High Desert Home Values
What is My High Desert Home Worth? High Desert Home Values, Albuquerque Are you thinking of selling your High Desert Home in the next twelve months? You might be asking what much is my High Desert home worth? You can get a FREE High Desert Home Valuation Report by filling out the form below. Your custom High Desert Home Valuation report will include homes similar to yours that are currently listed in the Southwest Multiple Listing Service. Your custom High Desert Home Valuation Report will also include homes similar to yours that have sold in the past twelve months. Your High Desert Home … Continue reading...
What is My Ventana Ranch Home Worth? Ventana Ranch Home Values
What is My Ventana Ranch Home Worth? Ventana Ranch Home Values Are you thinking of selling your Ventana Ranch Home in the next twelve months? You might be asking what is my Ventana Ranch home worth? You can get a FREE Ventana Ranch Home Valuation Report by filling out the form below. Your custom Ventana Ranch Home Valuation report will include homes similar to yours that are currently listed in the Southwest Multiple Listing Service. Your custom Ventana Ranch Home Valuation Report will also include homes similar to yours that have sold in the past twelve months. Your Ventana Ranch Home … Continue reading...
How Much is My Cabezon Home Worth? Cabezon Home Values
How Much is My Cabezon Home Worth? Are you thinking of selling your Cabezon Home in the next twelve months? You might be asking how much is my Cabezon home worth. Get a FREE Cabezon Home Valuation Report. We will provide you with a custom Cabezon Home Valuation report that will include homes similar to yours that are currently listed in the Southwest Multiple Listing Service. In addition, a custom Cabezon Home Valuation Report will also include homes similar to yours that have sold in the past twelve months. A Cabezon Home Valuation Report will give you a good idea of your question of … Continue reading...
Albuquerque Housing Market Set To Rebound in 2013?
Albuquerque Housing Market Set To Rebound In 2013? Is the Albuquerque housing market set to rebound in 2013? There are four major issues that have caused home prices in Albuquerque to decline in value. First is the classic supply and demand issues, there have been too many homes on the market. There have been to many distressed properties on the market, distressed properties such as foreclosures and short sales will typically sell for less than market value. The entire United States has seen chronic high unemployment. Much of the populations are concerned about keeping their jobs and are … Continue reading...
Navigating Real Estate Investing: Common Pitfalls to Avoid
Navigating Real Estate Investing: Common Pitfalls to Avoid Real estate investing can be a lucrative venture, offering opportunities for long-term wealth creation and financial stability. However, it's important to approach real estate investment with caution and a thorough understanding of potential pitfalls. In this article, we will highlight some common pitfalls that real estate investors should be aware of to make informed decisions and maximize their returns. Whether you're a seasoned investor or just starting, avoiding these pitfalls can save you from costly mistakes and ensure a … Continue reading...
Home Affordable Foreclosure (HAFA) Program, Albuquerque
Home Affordable Foreclosure (HAFA) Program This program ended at the end of 2016. If your mortgage payment is unaffordable and you are interested in transitioning into more affordable housing, you may be eligible for a short sale or a deed-in-lieu of foreclosure through HAFA. The benefit of a HAFA short sale is you are no longer responsible for the difference between what you owe on your mortgage and the amount your home sells for. You will also receive $3,000 in relocation assistance upon successful closing of your short sale. Eligibility You may be eligible to apply if you meet all of the … Continue reading...