Albuquerque Home Market Defies National Trend  Despite slowing sales in most U.S. markets, Albuquerque along with Indianapolis, and Houston continue to be among the remaining top real estate markets, according to a recent Wall Street Journal article. Florida, which is one of the hardest hit markets, recently reported a decline of 20% for the sales of existing single-family homes when compared to the same month a year ago. California sales dropped 15% in February compared to last year at this time, and Phoenix is down about 25%. The current slowdown reflects three broad trends, according to real estate agents and economists. One of the most important trends is that many speculators have started to sell homes that were purchased as investments. In addition, high prices and rising interest rates have reduced affordability for middle-class families, according to the Wall Street Journal. Like national averages of temperature, what goes on in a local real estate market may be very different from the national average. As a local market, Albuquerque remains strong for both homeowners and investors. Request our Free Albuquerque, Rio Rancho and Los Lunas Relocation Package. It's packed full of useful and important information about the Albuquerque, Rio Rancho and Los Lunas, New Mexico area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Which neighborhoods offer the best values? It's our job to help! Ask us any question, or request our FREE relocation package of information on Albuquerque, Rio Rancho and Los Lunas. There's no obligation, and we promise to respond quickly...
Working With An Agent >Stand By Me Real estate transactions are complicated and unpredictable. Professional real estate agents are trained to handle the many facets of buying a home. A good agent is an invaluable asset to your venture if you are in the market for a house.
When you find a real estate agent with whom you feel confident, it is good to enter into a committed working relationship with that person. Concentrating your search with one agent will allow that agent to become truly familiar with your needs, desires, and financial capacities.
Maintaining loyalty to the real estate agent of your choice will bear you more fruit than scattering your attention among several agents. An agent who feels your commitment will devote his or her entire energy to finding the right home for you.
|
| Q |
What is a "jumbo mortgage"?
|
| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERTS™ 
