Year End Decade End Summary

It's that time of year again when the news media assembles a montage of news clips events and things they reported about in 2009 and the last decade that we all remember or have forgotten or in alot of cases would like to forget or never really cared about in the first place.

Hopefully someday the news media will go back to being just that news. In the mean time it is refreshing to gain information, converse with people via blog websites, and social media networks such as facebook and twitter. The priveledge of being able to blog and provide hopefully for my readers valuable little tips of information about buying and selling a home or other things to think about when planning for your financial future.

Ok, so back to my montage, what has happened here in Albuquerque Real Estate over the past year? Well I don't need to tell you home sales overall are down. The number of foreclosure and short sale properties are up, and alot more people have gotten behind on their mortgage payments and are in the process of being foreclosed or trying to short sell. But the silver lining is: ALBUQUERQUE AND RIO RANCHO AS A WHOLE ARE ALOT BETTER OFF THAN THE REST OF THE COUNTRY! Albuquerque is not immune to the outside forces of the overall Real Estate market or the problems in the mortgage industry. But Albuquerque also for the most part did not participate in the large boom (bubble) either. Traditionally at least since 1980 the average price of an Albuquerque home has risen by 3-4% per year. So five years from now when we look back at 2008-2011 we will probably see that over all Albuquerque and Rio Rancho has prospered from a healthy overall economic climate and stability.

Best wishes in the New Year! If you or anyone you know is looking to buy or sell Real Estate in 2010 give me a call! Happy New Year!