How to Simply Increase Your Family Wealth by Paying for Housing
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that ...
Posted by Missy Ashcraft on December 17, 2018 in Buying a Home
What If I Wait A Year to Buy a Home?
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.
As a seller, you ...
Posted by Missy Ashcraft on December 14, 2018 in Buying a Home
The Tale of Two Markets
An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to ...
Posted by Missy Ashcraft on December 13, 2018 in Market Statistics
2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid ...
Posted by Missy Ashcraft on December 12, 2018 in Misc
Where Are Interest Rates Headed in 2019?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search....
Posted by Missy Ashcraft on December 11, 2018 in Market Statistics
Homeowners Aged 65+ Have 48x More Net Worth Than Renters
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016.
The study revealed that ...
Posted by Missy Ashcraft on December 10, 2018 in Misc
Developers Unveil Major Mixed-Use Project Near Kirtland Air Force Base
BY STEPHEN MONTOYA / JOURNAL STAFF WRITER
Wednesday, December 5th, 2018 at 3:44pm
ALBUQUERQUE, N.M. — Plans for a new 70 acres-plus mixed use development on Kirtland Air Force Base are moving forward and are expected to be finalized in ...
Posted by Missy Ashcraft on December 9, 2018 in Local News
US Average Mortgage Rates Remain Steady, 30-Year Stays at 4.81%
BY ASSOCIATED PRESS
Published: Thursday, November 29th, 2018 at 8:57am
WASHINGTON — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.
Home borrowing rates ...
Posted by Missy Ashcraft on December 9, 2018 in Market Statistics
NM Home Sales on Track for Banner Year
BY ABQJOURNAL NEWS STAFF
Friday, November 16th, 2018 at 10:41am
ALBUQUERQUE, N.M. — New Mexico’s housing market is on track for a banner year, bucking a slowdown or leveling off of home sales in other parts of the country, ...
Posted by Missy Ashcraft on December 9, 2018 in Market Statistics
Further Proof It’s NOT 2008 All Over Again
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as ...
Posted by Missy Ashcraft on December 6, 2018 in Market Statistics
The #1 Reason to Not Wait Until Spring to Sell Your House
Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that ...
Posted by Missy Ashcraft on December 5, 2018 in Selling Your Home
Buyers: Don’t Be Surprised by Closing Costs!
Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?
By law, a homebuyer will receive a loan estimate from their ...
Posted by Missy Ashcraft on December 4, 2018 in Buying a Home
4 Reasons to Buy A Home This Winter!
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 ...
Posted by Missy Ashcraft on December 3, 2018 in Buying a Home
Home Sellers in Q3 Netted $61K at Resale
According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232.
This is the highest average price gain since the ...
Posted by Missy Ashcraft on November 30, 2018 in Selling Your Home
Females Are Making It a Priority to Invest in Real Estate!
Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!
In 2018, for the second year in a row, single ...
Posted by Missy Ashcraft on November 28, 2018 in Market Statistics
Are Homeowners Renovating to Sell or to Stay?
Over the past few years, two trends have emerged in the housing market:
Home renovations have shot up
Inventory of homes available for sale on the market has dropped
A ‘normal’ housing market is defined by having a 6-month supply of ...
Posted by Missy Ashcraft on November 27, 2018 in Selling Your Home
7 Reasons to List Your House For Sale This Holiday Season
Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are ...
Posted by Missy Ashcraft on November 26, 2018 in Selling Your Home
Easy Ways to Support Our Albuquerque Small Businesses!
With Small Business Saturday happening this weekend, we wanted to remind you of some easy ways to support small businesses in Albuerquerque!
Shop local! The obvious way to support our local businesses is to do your holiday shopping with them. ...
Posted by Missy Ashcraft on November 21, 2018 in Misc
Dreaming of a Luxury Home? Now’s the Time!
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketingreleased its Luxury Market Report which showed that in today’s ...
Posted by Missy Ashcraft on November 16, 2018 in Buying a Home
20 Tips for Preparing Your House for Sale This Fall
When listing your house for sale, your top goal will be to get the home sold for the best price possible!
There are many small projects that you can do to ensure this happens!
Let’s get together to discuss a list of specific ...
Posted by Missy Ashcraft on November 14, 2018 in Selling Your Home