Explore Albuquerque, NM

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
If you're contemplating buying your first home, there were two significant events affecting you positively this week.Yesterday there were widespread reports that mortgage rates had plummeted to three-year lows.This very welcome news followed the Federal Reserve's decision on Wednesday not to rais...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
We're now almost exactly at the halfway mark in 2016.It therefore seems a good time to look ahead at prospects for the second half of the year and we thought a good way of assessing future possibilities would be to carry out a SWOT, or Strengths, Weaknesses, Opportunities and Threats analysis, ba...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
Figures released this afternoon by the Greater Albuquerque Association of REALTORS® (GAAR) demonstrate an increasingly healthy homes market in our area.These latest statistics, reflecting on performance in the area last month, show the growing strength in the market as we approach the halfway ma...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
Embedded from MGIC ConnectsDid you know that single women are now the second largest group of home buyers in the nation?According to the above very recent infographic by Mortgage Guaranty Insurance Corporation (MGIC), while married couples represent 54% of all American home buyers, single women a...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
We are, unbelievably, almost at the half way mark in 2016 and we're still enjoying ultra low mortgage rates.This week, following disappointing job data, in particular, rates fell to very near the best levels we have seen all year.The background story to what's happened to rates this week is bound...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
When selling anything, it's a great idea to really know how your customer is thinking. Real estate is definitely a field where buyers invariably have extremely strong opinions about what they like, and don't like, about a home.It therefore makes total sense to consider some of the key aspects tha...

By Manish Chanda
(Everest Peak, Inc.)
Comments 3
We hope you have noticed that our website has been gradually acquiring a broader set of features to serve you better.So, we thought, why not point out some of the more recent developments, so you can check them out for yourself if you haven't already done so (click on the subject titles to go to ...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
At Everest Peak Realty, we are totally committed to the importance of great photography in selling property.Too often, we still see great property offers severely compromised because the agent simply went out with his/her mobile phone and took a few snaps. This is just unacceptable in this day an...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
An important change in the way credit reports are compiled is due to launch on June 25th.New trended credit data reporting was initially announced last fall by The Federal National Mortgage Association (FNMA), better known as Fannie Mae, the government-sponsored, leading source of financing for m...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
It is, of course, nothing but an absolute pleasure to be able to reflect the exceptional Albuquerque area home market conditions in this blog week after week.This does not mean to say, however, that all sellers are instantly successful.When buyer sentiment is as good as it is right now, there are...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
The latest statistics released this afternoon by the Greater Albuquerque Association of Realtors (GAAR) provide a powerful demonstration of the steady home price growth we are seeing in our local homes market.The Association points out that the median detached home price in April 2013 was $168,0...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
An article this week by The Albuquerque Journal has once again highlighted the fabulous market conditions property sellers are enjoying in the area right now.While acknowledging that inventory of available homes for sale remains tight, it describes the current situation as "a solid seller's marke...

By Manish Chanda
(Everest Peak, Inc.)
Comments 2
Despite the best efforts of the real estate industry to strongly warn against it, we still see the occasional "Home For Sale By Owner" sign as we travel around.You naturally wouldn't expect any agent to agree with you if you decide to go for DIY selling. But what we thought might be more useful w...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
On Tuesday we looked at the recent Greater Albuquerque Association of Realtors (GAAR) quarterly market report for January, February and March and noted that, for the first quarter since the third quarter of 2014, the number of new detached listings had increased.Given that the increase was 2.69%,...

By Manish Chanda
(Everest Peak, Inc.)
Comments 1
In addition to our monthly analysis of local real estate statistics generated by the Greater Albuquerque Association of Realtors (GAAR), we have now also started to look more closely at their quarterly analysis, in order to spot sustained trends by using a slightly wider lens, as it were.GAAR has...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
When you really sit down and think about it, entrusting your home sale with the right agent is a pretty crucial and far reaching decision.Get it wrong and it can cost you dearly and could mean your home remains unsold, or doesn't realize its true market value.To help you with the process, we thou...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
We keep saying it, but this really is a great time to buy a home.Whether it's your first home, or you're upgrading, or even if you're planning to downsize, there are some quite compelling reasons why you might not want to put off your purchase any longer:Ultra-Low Mortgage Rates - As we wrote in ...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
What a wild ride! - mortgage rates continue to tumble.Given that there were widespread expert predictions at the end of 2015 that rates would progressively climb to somewhere between 4.5% and 4.65% during this year, the contrasting story of mortgage rates so far in 2016 is already remarkable by a...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
Statistics for March, just published by the Greater Albuquerque Association of Realtors (GAAR), make great reading for home sellers in the area, as the busiest months of the real estate year approach.Compared with a year ago, the average number of days a home is on the market before it sells decr...

By Manish Chanda
(Everest Peak, Inc.)
Comments 0
With winter now well and truly behind us, we can all now look forward to the warmer months to come.It's a great time, however, to make some simple checks around the home so that everything is set well in advance of summer.And of course if you're planning to sell your home soon, there's even more ...

Albuquerque, NM Real Estate Professionals