What's New in 2019? Home Warranty You Say?
In an ongoing attempt to find better, smarter and more effective ways to serve our sellers...in 2019 we will be offering a home warranty at no cost to our home owners. What does this mean? It means that while your home is on the market, ...
Posted by Missy Ashcraft on December 26, 2018 in Selling Your Home
Homeownership Remains a Huge Part of the American Dream
As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices....
Posted by Missy Ashcraft on December 26, 2018 in Buying a Home
NM Housing Sales Boom....Beating National Trends
ALBUQUERQUE, N.M. (AP) — The housing market in New Mexico appears to be booming as sales are setting records and bucking national trends.
More than 2,600 sales were reported last month to the New Mexico Association of Realtors. ...
Posted by Missy Ashcraft on December 24, 2018 in Market Statistics
Why Houses DO NOT Sell in a Strong Market
As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell?”
Below are the 5 most common reasons why a ...
Posted by Missy Ashcraft on December 24, 2018 in Selling Your Home
5 Reasons to Sell This Winter!
Here are five reasons listing your home for sale this winter makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the ...
Posted by Missy Ashcraft on December 21, 2018 in Selling Your Home
No Bubble Here! How New Mortgage Standards Are Helping
Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon ...
Posted by Missy Ashcraft on December 20, 2018 in Market Statistics
4 Reasons to Sell Your House This Winter
Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
Housing inventory is still under the 6-month supply needed to ...
Posted by Missy Ashcraft on December 19, 2018 in Selling Your Home
Don’t Get Caught in the Rental Trap in 2019
Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!
According to ...
Posted by Missy Ashcraft on December 18, 2018 in Buying a Home
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