Albuquerque Blog Open Forum

I would like to have people respond to this blog to tell horror stories, ask questions and receive advise regarding the real estate market in Albuquerque, and surrounding areas. Hopefully as this blog grows, visitors and clients alike will gain helpful information, great tips and additional ways to save money! You can also join our Google Group at www.Google.com

Rio Rancho Homes

The number of new housing units available for the Rio Rancho houseing market is reaching an all time high in August of 2006. The overall picture of the greater Albuquerque houseing market still looks bright, even though it has temporarily cooled. With the addition of Mesa del Sol project getting under way 90,000 new residents will be added to the community over the next 50 years. Also the announcement of a new city being planned to the west of Albuquerque on the Rio Puerco will add an additional 70,000 people to the region. I will provide more information regarding this new community as I learn more about the master plan.

Albuquerque Houseing Market

Signs are all around us now that Albuquerque housing market has begun to slow. There are currently a daily average of 4600 homes on the market at any given time up 1400 from 3 months ago. Although some areas are slower than others, the recent rains we have had; have out of state home buyers rethinking about buying in Belen and Rio Rancho, and reconsidering such areas as four hills, and parts of the NE heights. Although I see this as a temporary slowdown the fact remains it is taking on average about 45-50 days to sell the average home another hike in the gas prices, and rise in interest rates the first time home buyer has to consider if they can afford a home or even a townhome condaminium for that matter.