3519 Agua Sarca Court Northeast Albuquerque NM 87111

3519 Agua Sarca Court Northeast Albuquerque NM 87111

3519 Agua Sarca Court Northeast Albuquerque NM 87111 This home features 4 bdrooms, master bedroom is downstairs, 1922 square feet, 2.5 bathrooms, 2 car garage, with refrigerated air conditioning located at 3519 Agua Sarca Court Northeast Albuquerque NM 87111. Check out this great 4 bedroom town home located in a highly desirable area in NE Albuquerque. Open concept with soaring ceilings in the living room. Granite counter tops and the refrigerator, washer and dryer convey. Located on a quiet cul de sac with hand troweled walls and refrigerated air conditioner. Lots of counter top space in … Continue reading...

10812 Fairbanks Road NE Albuquerque NM 87112

10812 Fairbanks Road NE Albuquerque NM 87112

10812 Fairbanks Road NE Albuquerque NM 87112 This is a great 4 bedroom home located at 10812 Fairbanks Road NE Albuquerque NM 87112.  This home is 1812 square feet and features 4 bedrooms, 1.75 bathrooms, 2 living areas, fireplace, 2 evaporative coolers, and a 2 car garage.  This home is in great condition and has new carpet and a new gas stove.  The furnace was replaced about 3 years ago.  Windows are vinyl dual pane windows.  This home truly is move in ready and priced under $200,000.  It is tough to find a 4 bedroom home in great condition in Albuquerque's northeast heights priced under … Continue reading...

5 Best Performing Albuquerque Real Estate Markets 2015

5 Best Performing Albuquerque Real Estate Markets 2015

5 Best Performing Albuquerque Real Estate Markets 2015 You have probably heard the saying all real estate is local.  That statement is absolutely true in the Albuquerque real estate market.  I took a look at the Albuquerque real estate market and the Albuquerque real estate sub markets to determine which markets performed the best.  We looked at the sub markets with the largest increase in average price of homes sold.  Listed below are the 5 best performing Albuquerque real estate markets 2015.   The average price of a home in the Albuquerque real estate market was 1.47%.  However, several … Continue reading...

Home Owners Under Water On Their Mortgage Declines

Home Owners Under Water On Their Mortgage Declines

More Good News For Home Owners Under Water On Their Mortgage Home prices have been on the  rise across the United States and New Mexico is no exception.  Core Logic's Equity report was released today and there is good news in the report.  The second quarter report for 2013 states that across the United States, home price appreciation helped 2.5 million home owners return to positive equity.  Although 7.1 million home owners or 14.5% in the United States remain under water.  Both of these numbers are good news and compare favorability over the first quarter 2013 report.  According to Core … Continue reading...

Interest Rates Has Increased Dramatically In Last Few Months

Interest Rates On The Rise Interest rates have risen dramatically in the last few months and this is not good news for any one.  The federal government has been purchasing about $85 billion per month on the bond market.  These huge purchases were artificially keeping interest rates low.  A few months ago the Federal Reserve Chairman claimed the US economy was strong and they will reduce the amount of bonds being purchased by the Federal Reserve.  you might be saying so what!  How will this impact me?  Well, rising interest rates are not good for the economy.  Everyone one and every company … Continue reading...

Albuquerque Home Prices Up Rio Rancho Home Prices Down

Albuquerque Home Prices Up | Rio Rancho Home Prices Down Average home prices in Albuquerque were on fire in June 2013, average Albuquerque home prices were up 9.49% compared to June 2012.  Albuquerque sales volume was also up by a staggering 23.35% in June 2103 over sales in June 2012.  The average sales price has climbed steadily in Albuquerque for the last three months.  Albuquerque homes that are priced right sold 4.84%  faster in June 2013 than in June 2012.  The average time for a home to be placed under contract was only 59 days in June 2013.  It is amazing to me how fast the … Continue reading...

Interest Rates Soar On Home Mortgages

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...

Home Affordable Foreclosure (HAFA) Program, Albuquerque

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...

Albuquerque Homes Are Cheaper to Buy Than Rent

Albuquerque Houses Are Cheaper to Buy Than Rent

It Is Cheaper to Buy Than Rent In Albuquerque NM Why do you continue to rent when it is cheaper to buy? Albuquerque homes are cheaper to buy than to rent! Whether you rent or buy, your housing expense represents a significant portion of the family budget so it’s important to understand the differences and relate them to your specific situation. Although renting may provide short-term flexibility and initial cost benefits, lease prices are increasing rapidly. Over time while a home purchase is an investment with the potential to pay it off in the years to come. Buying A House Is A Big … Continue reading...

Albuquerque Short Sale May Be An Option To Avoid Foreclosure

Albuquerque Short Sale May Be An Option To Avoid Foreclosure An Albuquerque short sale may be the right option for many home owners looking to avoid foreclosure.  Many Albuquerque home owners are facing foreclosure increases as Albuquerque foreclosures are expected to increase 151%  from second quarter of 2011 to the third quarter 2011. This increase is the highest increase of all major metropolitan areas in the US.  There are 1358 home owners facing foreclousre according to this recent Realty Trac article.  Albuquerque tops the 20 markets where banks are starting to push through a new wave of … Continue reading...