How's The Housing Market In Albuquerque?

How’s The Market?

A Look At The Real Estate Market In Albuquerque, NM

Like most of the country, Albuquerque’s real estate market has been red hot in the last couple of years. We have seen some colossal home value appreciation, bidding wars, and record low inventory.

Now, things are beginning to shift for a few reasons. First, you’ve probably heard that interest rates have increased significantly since the start of 2022. This increase, coupled with fears of an economic recession, has slowed the market down a bit. So what does that mean if you’re considering buying or selling a home in Albuquerque? Let’s take a look. 

It’s Still A Seller’s Market

Despite what you may have heard on the news, we are still in a seller’s market,…

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Rio Rancho’s NM Real Estate Market Continues To Grow

Rio Rancho’s Real Estate Market Continues To Grow

Rio Rancho is the fastest-growing community in New Mexico and a great place to call home! The city has been recognized as one of the safest and best places to raise kids in the country. If you’ve been thinking about buying a home in Rio Rancho, it’s a great idea to do so. Let’s discuss the real estate market in Rio Rancho so you can understand what to expect.

 How’s The Market?

The real estate market in Rio Rancho has been hot for years and does not seem to be cooling down. Sellers still have the upper hand when it comes to negotiations, but homes do sit on the market a bit longer than they do in other parts of the state – the average number of days on the market is 35. This is good news for…

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Discover The Albuquerque International Balloon Fiesta 2016!

It's that time of year again — the Albuquerque International Balloon Fiesta, the world's largest hot air balloon festival will take place from October 1 to October 9, 2016. This vibrant, globally renowned event attracts thousands of people every year, and for good reason. Situated in the gorgeous Balloon Fiesta Park which offers panoramic mountain views, the festivities can draw in more than 80,000 spectators to the friendly atmosphere.

The fresh fall air, the aroma of warm food, and the celebratory ambiance fills the park as guests wait for these amazing shows. What can you expect? Well, that depends on your ticket. The Chasers' Club ticket is an upgraded experience that offers you special seating in an exclusive, alfresco patio right in front of the…

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Albuquerque, NM Hosts the 2015 USA Roller Sports Speed, Figure and Rink Hockey National Championships

Athletes from all over the world will come together to participate in the 2015 USA Roller Sports event.  This event will be three weeks long from July 11-August 1, 2015, and take place at the Albuquerque Convention Center. This event will feature inline speed skating, rink hockey and roller figure skating. This is a great event for the entire family to attend. Entry is $10 for general admission, Military is free with a valid ID, and discounts will apply for NM residents with a valid ID and groups. Event details are listed below.

If you are visitor to our beautiful State from out of town to take part is the great event “Bienvenidos”, that’s welcome in Spanish, and you need some ideas to fill up some free time. Below is a list of Restaurants, and…

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The Best Albuquerque Homes for Sale | NM Home Team | Alfonso Salazar

When it comes to buying a new home, there are a lot of options. Whether you are looking to relocate for a new job, or simply need a bigger house because of your growing family: NM Home Team has you covered! 

Take a look at the options for sale in the Albuquerque area, by following the link to our website here: NM Home Team | Albuquerque Homes

If you need further assistance and would like a few pointers, we are here to help!

Contact us via phone anytime at (505) 450-3779, or chat with us LIVE on the website: NM Home Team Main Page

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Five Signs You've Outgrown Your Home

Starter homes are great for a small family, newlyweds or a couple without children.  As your family begins to grow, you may feel that the smaller "starter" home you bought may not be the best fit for your family.  

Here are five signs that you may have outgrown your home and it may be time to upgrade.  

1. Your family has grown.  As your children get older or you have more children, you may find that spaces are beginning to get cramped.  Toys fill the bedrooms, living room and have began to take over the kitchen and other common areas. 

2. You've gotten older.  You don't necessarily need a larger home, you may just need a home that meets your needs better.  As your children get older and move on, you may find your home is no longer suiting your…

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First time home buyers, start here!

When you are buying your first home, it might be a little overwhelming knowing where to start and what comes next.  I remember being confused, not knowing where to start or if we were even ready to buy a home.  

Here are 5 things to think about when you start considering that home ownership might be in your future.  

1. Think about what you can afford.  What are you currently paying for rent?  Could you afford to pay anymore than you already are?  Do you have any money saved that you could put down to help lower your mortgage payment?  Once you know what type of payment you can afford, you are able to figure a price range of the homes to begin looking at.  You don't want to have a budget of $200,000 but fall in love with a home that is $400,00.  

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How to choose the perfect wood flooring

Hardwood flooring is more popular than ever.  It gives you a timeless beauty along with the clean lines and durability.  This classic look is being used in many home renovations and opted for with new homes being built.  

All wood flooring is not the same.  There are different choices to meet your personal style.  Before you head to the store to pick out your flooring, there are several things to keep in mine, besides just keeping within your budget! It is easy to get overwhelmed and overspend, so you need to go in with a plan to balance the style and quality you want with the budget you have to work with.  

Here are some tips to help you choose the perfect flooring: 

 Tip #1

Match the room you are buying for with the flooring.  For example,…

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Green Your Spring Cleaning

Happy Earth Day!  

We all want to to protect our planet and Earth Day is a great reminder that we need to be careful in our day-to-day activities.  It's good that Earth Day falls in the middle of everyone spring cleaning, so we can take time to "green up" our storage, organization and decorating.  In order to reduce your impact on the environment and spruce up your home this spring, try some of these strategies: 

1. Storage: When you look in your pantry or refrigerator, you will likely see a lot of plastic containers.  These are extremely common and convenient to store goods in, but they are also extremely harmful to the environment to make.  Think about switching to glass containers (or reusing jam and pasta jars) to store rice, nuts, popcorn,…

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Renting vs. Owning

There are many people that believe that renting is easier than home ownership, or that owning a home will cost much more than renting.  There are many things to look at when deciding what is best for your family.  Here are some tips to help you make that decision: 

Tip One: Look at the overall cost vs. benefit argument.

It is true that renting can make more financial sense in the short run, but the long-range view is much different.  Over time your rent will rise, sometimes each year going up a little more.  If you purchase a home with a fixed-rate mortgage, your monthly payment of principle and interest will stay the same.  

Tip Two: Consider the power of leverage:

When you buy a home, you have the ability to magnify the purchase power of…

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