Saturday, November 26, 2011
Albuquerque homes for sale - something in the air?
Could it be all this Black Friday hype? Probably not. I'm putting my money on the fact that interest rates are still blowing the industry's mind. I am seeing my buyers lock in anywhere from 4.25% to 3.78% (credit and income area a huge factor here. Please consult our mortgage pro to see what you may qualify for). Those that have been in the business for several decades are having a hard time believing it. And yet, there are those that still want to wait it out for a lower rate....
I, personally, have seen a spike in my recent activity with buyers in particular. It was a bit confusing because, historically, this is usually the slower part of the Albuquerque Real Estate season. Homes for sale in ABQ tend to start slowing down sometime around September. Once the stats came in for the October sales it was clear that this was not a normal, slow, down- turn. Sales were actually up over 9% from September. Also, October sales have increased more the 24% in 2011 than from 2010. Are we actually recovering? I have no idea and if I did, I'd be making my money elsewhere if I knew for sure. What I do know is that homes are selling and the good ones (the well priced, shiniest pennies) are selling fast. Just ask three of my sellers who have missed out on their top picks in a few days time. That is not a fun situation to be in. The point here is (once again), if you think it's your home, buy it and buy it fast! The alternative is settling for number two.
Needless to say, the market is confusing. All the better reason to consult an experienced real estate broker. It is very tricky right now and we are here to help. Give The Albuquerque Real Estate Group a call. We are more than happy to help you find a home, whether it be Ventana Ranch homes for sale, High Desert homes for sale or anything in between. We can do it! :)
by Tim Fish