Press Releases

Hot market expected to continue into 2021

By: Brittany Bade

Posted: Dec 28, 2020 / 05:30 PM MST / Updated: Dec 29, 2020 / 06:43 AM MST

NEW MEXICO (KRQE) – People on the market for a home in Albuquerque or Santa Fe know that places are not staying on the market for long. Darlene Streit, a realtor in Santa Fe says it’s been busy and some people have even bought remotely without even seeing the home.

“It’s unprecedented. I’ve been in real estate 31 years and I’ve never seen a market quite like this one,” said Sherry Fowler, the President of the Greater Albuquerque Association of Realtors. Real estate is one of the few booming industries in 2020, despite being in the middle of a global pandemic. “It was really crazy we didn’t expect with the

REALTORS® are community leaders – That’s Who We Are®. You shape and help build neighborhoods that thrive. By promoting diversity and inclusion you unlock access to opportunities that transform lives and boost business. Thriving communities mean:

• A strong economy = more jobs, more income, more business
• Healthier people
• A cleaner environment
• Higher-achieving students
• Safer streets

Fair Housing Month is Here. So is Coronavirus.

April is upon us. This time of year is usually a flurry of spring market activity. It’s also a time when we reflect on the ways people are shut out of the housing market, and commit to expanding housing opportunity, with our annual observation of Fair Housing Month. This year is different. Because of

The Albuquerque International Balloon Fiesta is a world-renowned attraction and destination for kids of all ages. For more than four decades, the first week in October brings the smell of roasting chiles and the beautiful, magical moving picture show of hot air balloons sailing silently through the crisp fall air.

Guests from all over the world come to Albuquerque to celebrate ballooning. Literally, hundreds of balloons will be taking flight from the Balloon Fiesta Park this year October 7-15, 2017.

From its modest beginnings in 1972 with 13 balloons launching from a shopping mall parking lot, the Balloon Fiesta has grown to multiple events launching year-round at the custom-designed, 365-acre Balloon Fiesta Park. Our signature event remains Balloon

We Mean Business

ICEA, along with conference co-sponsors, the America China Civic Exchange , the City of Albuquerque, Office of Economic Development and investUS LLC have created an opportunity for delegates to connect, share and learn together to create mutually beneficial, trusted business relationships that result in long-term business joint ventures, cross-border partnerships and investment funds for the benefit of growing the New Mexico economy and creating private sector jobs for the state.

ICEA is a nonprofit organization that focuses on empowering Chinese entrepreneurs around the world with leadership and management skills through the practical interaction of networking and communications, and providing a platform for

Join Michael and the New Mexico True Television crew as they head to "Cowboy Country" in northeast New Mexico. Your trip begins with the loveable alpacas at Victory Ranch and continues with classic cars and western wear in Raton. Get up close to the wildlife at Vermejo Park Ranch, have a cold one at the Colfax Tavern, and take a dip in the Montezuma Hot Springs. Wrap up your road trip at the St. James Hotel in Cimarron, where history isn't the only thing haunting the halls.

Sixty-one percent of U.S. adults believe home prices in their local area will rise over the next 12 months, the highest percentage since Gallup began collecting such data in 2005. That also marks a big difference between 2008 and 2012, when no more than one-third of Americans believed home prices would increase.

Residents in the western region of the U.S. are the most optimistic, with nearly three-quarters of residents saying they expect price increases compared to slightly more than half of Midwestern and Eastern residents, according to the Gallup poll. With mortgage rates sitting below 4 percent, consumers may have more incentive to act now before home prices rise even more.

Sixty-seven percent of U.S. adults say now is a good time to

FOR IMMEDIATE RELEASE

Contact:                
Don Martindell, President,
505-263-7618, president@gaar.com

Kent Cravens, Executive Vice President,
505-724-3481, kent@gaar.com

ABQ housing market very energetic heading into Spring

Albuquerque, NM (April 10, 2017) – Albuquerque-Metro housing market activity is already breaking records leading into the peak season for real estate. Buyers have taken note of the low inventory and need to act fast, leading to a surge in the number of homes under contract.

Pending sales are at a 14 year high. The 1,299 detached homes placed under contract in March represents a 22.7 percent increase over the same period last year. Compared to March 2016, the 154 pending townhome and condo sales increased

by Steve Sinovic /Albuquerque Journal Staff Writer

In more good news for the real-estate market, thousands of Albuquerque-area residents have regained equity in their homes.

At the end of last year, 5.3 percent of all residential properties with mortgages in the metro area, or 9,359 homes, were in negative equity. That compares to 9.5 percent in December 2015, or 16,701 homes, according to home-equity data from CoreLogic. Having negative equity, often referred to as being “underwater” or “upside down,” applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity, one of the long shadows cast by the housing bubble, can occur because of a decline in home value, an increase in mortgage debt or both.

The growth

The Greater Albuquerque Association of Realtors, are not only here to help you buy and sell a home, they are constantly working to build better neighborhoods and communities in the Albuquerque area.

Each year the GAAR Good Neighbors program recognizes four Realtors in our community that go above and beyond in volunteer service to a local charity. This program is designed to help showcase how Realtors help build the community. We were able to meet a couple of the recipients of this year’s program from the Southwest Women’s Law Center.

2016 Recipient:

Jackie Bregman, Bregman Real Estate

The  Southwest Women’s Law Center's vision is to harness the power of law, research, and creative collaborations to change these realities and to create

FOR IMMEDIATE RELEASE

Contact:                   

Don Martindell, President,
505-263-7618, president@gaar.com

Kent Cravens, Executive Vice President,
505-724-3481, kent@gaar.com

Central New Mexico’s housing market grew 11.87 percent in 2016

Albuquerque, NM (January 31, 2017) – The 2016 annual statistics show Albuquerque metro area’s housing market performed even better than the gains of 2015. Compared to the previous year, the region saw more homes sold at a higher average and median price for single-family detached homes, townhomes and condos.

While the $224,230 average sales price for detached homes was 4.13 percent higher than the $215,331 of 2015, the median sales price rose even more. The 2016 median price for detached homes sold