Author: Franz Redl
Albuquerque NM Home Sales Report for December 2013: Albuquerque NM Home Sales prices of Single-family detached increased 9.14% (Median) and 4.13% (Average) from 2013. Single-family detached home sales rose 7.91% from December of last year. FULL REPORT Albuquerque NM... Read More
Albuquerque UNM Home for rent – don’t wait! Lovely 1235 sqft, 2 Bedroom, 1 Bath Home. 2 Car Garage! Terrific location near Nob Hill/UNM and hospital. Features a cozy courtyard right off the back door, beautiful refinished hardwood floors, Wood burning fireplace, updated bathroom. New tile counter top in kitchen,... Read More
Albuquerque NM Foreclosures have been slowing over the last few months 20 Cities with Biggest Foreclosure Discounts As the housing market continues to recover in 2014, finding a foreclosure deal is more important than ever to ensure you get the most bang for your buck and land a home with... Read More
The famous band leader is aptly describing a day like today, when we have to report both a surprising boost in Housing Starts, along with an unexpected bomb from Existing Home Sales. Starting with the “good day” stuff, Housing Starts were up 22.7% in November, to... Read More
Percentage Of Albuquerque NM Distressed Homes Sales Level Out Albuquerque NM Distressed homes – foreclosures and short sales – accounted for 14% of sales, unchanged from last month; they were 25%in October 2012. Part of the gain in median price is from a smaller share of distressed sales. While... Read More
Albuquerque NM FHA Loan Limits will change January 1, 2014: HUD announced Friday that the higher loan limits that were on a temporary extension will expire on December 31, 2013. The new loan limits will apply for case numbers assigned on and after January 1, 2014 through December 31, 2014. Read More
Albuquerque Mortgage Rates Climb Mortgage Rates Climb on Strengthening Economy Fixed-rate mortgages were on the rise this week, following a 25% monthly jump in new home sales and an improving job outlook report, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages for... Read More
Albuquerque NM Foreclosures and National Trends: U.S. Foreclosure Activity Increases 2 Percent in October Driven by Continued Rise in Judicial Foreclosure Auctions Foreclosure filings were reported on 133,919 U.S. properties in October, a 2 percent increase from the previous month but a 28 percent decrease from a year ago... Read More
Negative Home Equity Falls At Fastest Pace Ever In Third Quarter The number of underwater homeowners, those owing more on their home than it is worth, fell at its fastest pace ever in the third quarter, dropping to 21 percent of all homeowners with a mortgage, according... Read More
The new “Know Before You Owe” mortgage forms will replace existing federal disclosures The Consumer Financial Protection Bureau (CFPB) is issuing a rule Wednesday requiring lenders to use its disclosure templates to lay out mortgage terms for borrowers. The new Know Before You Owe mortgage forms will replace existing federal... Read More