Home prices mark largest yearly gain since 2006 - New Mexico Business Weekly

CoreLogic said Dec. 4 that U.S. home prices rose 6.3 percent in October compared with a year ago — the largest yearly gain since July 2006.

According to an Associated Press report in the Albuquerque Journal, the company also said that prices declined 0.2 percent in October from September — the second drop after six straight monthly increases. The monthly figures are not seasonally adjusted.

CoreLogic said the decline reflects the end of the summer home buying season.

In New Mexico, the month-over-month decline was 0.1 percent, from a home price gain of 3.2 percent in September to 3.1 percent in October. New Mexico had the 31st highest home-price increase among the 50 states in October, according to CoreLogic.

The Journal reported that separate, local measures of median home prices from the Relators Association of New Mexico and the Greater Albuquerque Association of Realtors have shown the state and Albuquerque-area stabilizing but not seeing strong gains.

via bizjournals.com

Something really great is happening in the national and Albuquerque real estate market: There are fewer homes on the market than previous years and there are more buyers. What does this mean, well it means that the supply and demand curve is beginning to level itself out and the market is starting to normalize itself.

A depressed real estate market like we had was not healthy, though neither was the real estate market during the boom when home prices were rising so sharply. The Albuquerque real estate market is extremely stable right now, home prices are still reasonable, interest rates are historically low, and homes are once again selling.

What does this mean to the typical Albuquerque home buyer or seller? For buyers, your money and buying power has gone way up (meaning that with such low interest rates your dollars will go a lot further). Just a 1% increase in interest rates would decrease your buying power by a considerable amount. For sellers, it means that buyers are once again buying and are willing to pay a premium to buy your home. If an Albuquerque home is in show-condition and is priced right, it has a better chance of selling in a short period of time and often, we've seen, with multiple offers.

We at "The Q" or Q Realty, Inc. are skilled at counseling our clients to select the right price for their home to optimize the balance between time on market and purchase price and we are expert negotiators. So whether you are buying or selling a home in the Greater Albuquerque Area, we invite you to call 505-750-0059 and share with us your real estate needs.

Posted on Albuquerque Real Estate-Albuquerque Homes For Sale

Q Realty Can Help You - 9 of the Worst Staging Decisions Ever Made

At the end of every year, my mind naturally drifts to what did and didn’t work this year, in an effort to double down on my successes and avoid repeating my mistakes. Occasionally,I’ll take a look back at my whole lifetime in this same way, reflecting on poor past decisions ranging from old high school sweethearts to bad fashion choices, misguided career moves to things I said and wished, instantly, I could take back.

Rather than letting them fester into regrets, it’s best to look at our mistakes as holding lessons - pitfall avoiding, action-inspiring material we can draw on as we move forward in life. In fact, I actually call my painful past mistakes “tuition”: the price I’ve paid to learn a valuable lesson. The keyword here is valuable. In school, tuition is worth paying because the learning you get in return holds economic value or is otherwise worthwhile.

Tuition is a lot like staging, really: they’re both up-front investments with the potential to make or save you money, in your life, your career, or the sale of your home.

As we grow older and wiser, the goal should be to learn not just from the mistakes we’ve committed - but from those that others have committed, as well. Think of them as tuition-free lessons. I say we should try to do the same with staging - let’s take these ten shockingly bad staging decisions that other home owners have made and continue to make every single day, and boil them down into lessons every home seller can use to drive their own home staging success.

1.  Bizarre collection overload. Let’s face facts: it is very difficult for almost any collection to look orderly and neutral, two high-level aims of home stagin. Unless you have attractive, high-end built-in cases for your collections and target buyers are share your affinity for the objects, even your cool clock collection or the dolls your grandmother gave you can come off as a pile of space-consuming clutter.

via trulia.com

You've seen it on HGTV, House Hunters, and all the other real estate reality TV shows, but is the hype true? Do you really need to stage your home in order to get it sold. The answer isn't as simple as "Yes" or "No".

Whereas one seller's family portraits may be overwhelming and distract the buyer from being able to see the potential of the home, another seller's family pictures may not be so distracting.

Several things are universally true. Clutter is bad. Collections on display usually are not helpful, but rather distracting. Orientation of your furniture IS important, as we want to make sure your rooms appear as open and spacious as possible. Finally, those closets that are jam packed full of clothes, towels, toilet paper, or food, demonstrates to the buyer that there might not be enough storage in the home.

Q Realty, Inc. and our experienced Brokers will help you get your home ready for photos, marketing, and most importantly for the buyers who visit and consider your home for purchase.

Call us today to discuss what we can do to help stage your home for a quick sale!

Posted on Albuquerque Real Estate-Albuquerque Homes For Sale

Home prices rise again - Albuquerque Homes Following National Trend

In a signal that the U.S. housing market is in the midst of a recovery — U.S. home prices rose in September — marking a sixth straight month of gains.

According to the S&P/Case-Shiller home-price index released Nov. 27, its 20-city composite showed a 0.3 percent increase in September following a 0.8 percent gain in August. Home prices are up 3 percent from the prior year.

“We are entering the seasonally weak part of the year. Despite the seasons, housing continues to improve,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices said in a Wall Street Journal MarketWatch report.

Among the 20 cities tracked by the index, 13 posted monthly gains in September.

However despite the recent gains, prices are about 30 percent below peak levels in 2006, according to the Case-Shiller data.

Read the full MarketWatch report here.

via bizjournals.com

While we are noticing the regular "Seasonal Slow Down" the Albuquerque real estate market is showing a signs of a strong rebound.

With consumer confidence increasing across the board, interest rates being historically low, and home prices remaining reasonable, real estate is gaining strength and Albuquerque buyers and sellers are feeling more and more comfortable getting off the fence.

For home buyers, now is a great time to buy, and with the increase in buyer population sellers are able to sell their homes more rapidly and often for more money than in previous years.

For more information or to discuss this further, please call your Q Realty Advisor at 505-750-0059.

Posted on Albuquerque Real Estate-Albuquerque Homes For Sale

Biggest Homes in America: Feast Your Eyes on Some of the Most Massive Mansions on the Market | AOL Real Estate

by Christophe Choo on August 12, 2012

in Latest Updates

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Biggest Homes in America: Feast Your Eyes on Some of the Most Massive Mansions on the Market

By Graham Wood

| Posted Aug 11th 2012 12:00AM

25 Comments

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We all dream about living in huge houses with pools, game rooms and exquisite staircases — OK, maybe that last one is just us. But, good grief, how much space does one person (or 10 people) need? (Fifty-thousand square feet?!) If you’re dying to live large — literally — then click through the gallery below to see some of the biggest homes on the market in the country.

Massive Mansions: 10 of the Largest Homes in America

• Photo: Realtor.com

  Arizona

via christophechoo.com

This was shared with my by my friend and Beverly Hill's Top REALTOR, Christophe Choo.

Posted on Albuquerque Real Estate-Albuquerque Homes For Sale