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New Mexico real estate market sees strong summer, increasing prices


But a strong real estate market depends on a diverse economy and Anaya says New Mexico needs to continue to grow. “If we can do that, I think all these other things will fall into place, but it really is all about jobs,” said Anaya. “Good job growth ...


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Overcast Hi: 58° F Lo: 47° F Forecasts Albuquerque – Metro Radar Video Menu Skip to content   Home Watch Live News News Top Stories Albuquerque – Metro New Mexico News Briefs National World Video KRQE Mornings Special Assignment Politics/Elections Strange & Odd Entertainment News KRQExtra Multimedia Photo Galleries Topics Featured: Legislature Latest Headlines Ivanka Trump says her father is ‘not a groper’ Updated: 30 mins ago NEW YORK (AP) — Ivanka Trump is defending her father Donald against charges that he mistreats women, saying that the presumptive Republican … US intelligence: Foreign hackers spying on campaigns Updated: 43 mins ago The nation’s top intelligence official says the U.Shas seen indications of foreign hackers spying on the presidential candidates. US intelligence: Foreign hackers spying on campaigns Updated: 9 mins ago Mississippi school chief shelves transgender bathroom policy Updated: 39 mins ago South Carolina passes bill banning abortion after 19 weeks Updated: 52 mins ago Weather Weather Radar Alerts Alert Maps Allergy & Air Quality Forecasts Forecast Video 24-Hour Outlook Currents Wind Road Weather Closings & Delays Current Conditions 50° F Overcast Feels Like: 50° F Wind: E 20 Humidity: 66% Dewpoint: 39° F Sunrise: 6:00 AM Sunset: 8:05 PM Weather Tools Roads Wind Radar Precipitation Sports Top Sports High School Preps Interviews – Sports Office NCAA Basketball NCAA Football Golf MLB NBA NFL Investigations Larry Barker Special Assignment Traffic-Cams Live Traffic Metro Road Cameras Regional Road Cameras Camera Map Road Conditions Report It! More Search for: Search the site 50° F Overcast Hi: 58° F Lo: 47° F New Mexico real estate market sees strong summer, increasing prices By Adam Atchison Published: July 29, 2015, 5:02 am Updated: September 29, 2015, 3:29 pm Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) Share on Facebook (Opens in new window) Click to share on Pinterest (Opens in new window) ALBUQUERQUE (KRQE) — New Mexico’s housing market is looking upReal estate experts say home prices are the best they’ve been in years, rebounding closer to what they were before the 2008 recessionThat could be good news for your investment. Sam Keller and his wife Karen are hoping they’re going to find the right home in the improving marketThey’re looking to downsize, but stay in Albuquerque. “We like AlbuquerqueIt’s home to us,” said Sam Keller“When we bought our last house, the market was much betterIt has been at the bottom (and) it’s started back up, so therefore, we’re on the right end of buying now.” Steve Anaya, the C.E.Oof the New Mexico Realtors Association, sees a lot of potential in the housing market. “This is probably the strongest summer we’ve seen since 2008,” Anaya said. Statewide, 18 counties report an increase in the number of homes sold so far this year, compared to last. Median home prices are climbing closer to where we were in 2008 in AlbuquerqueBack then, the median, single-family home price was an $199,000 in the second quarter of 2008In the same time period in 2015, which includes June, it’s $184,000 in the metro areaCompare that to $177,000 during the same time in 2014 and $165,000 in 2011 after the economy went south. Anaya says fewer foreclosures are part of the reason. “We have gotten several of the foreclosures out of the system, so we’re starting to see an increase in the median price,” said Anaya. He also says that could be significant for anyone who wants to see their investment increase. “If you’re looking for a home today, now may be the time to do it because I think the stars are lining up for folks.” But a strong real estate market depends on a diverse economy and Anaya says New Mexico needs to continue to grow. “If we can do that, I think all these other things will fall into place, but it really is all about jobs,” said Anaya“Good job growth, everything else will fall into place.” The Greater ABQ Association of Realtors points out that home equity takes longer to increase in neighborhoods with higher foreclosure rates. You can view the full June 2015 market report here. ?? Click the Icon below to share this post...Click to email (Opens in new window)Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)MoreClick to print (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to send this to your Kindle device (Opens in new window) Advertisement

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