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Why Buy or Sell now? The Market Sucks!
Is the Albuquerque housing market in a sink hole?  
The truth is that home sales in the Albuquerque housing market  for 2011 has exceeded 2010 every month this year.  So, that means we're making movement.  This month, December 2011, we're up in sales once again.
So why would now be the right time to buy or sell in Albuquerque?  
The crystal ball is not telling us much, yet these simple considerations may give you some insight into your own situation.
If plans are to move and sell within the next 3-5 years.  Do it now.  Prices will not rise to any great extent, the more likely scenario is that they will fall.    Here are 2 points to consider: Values will likely decline further.  Industry sources indicate that there may be a large inventory of "shadow" foreclosures coming on the market.  These are homes in or foreclosure that haven't hit the market. Foreclosures bring values down as they are generally sold for less than comparable homes in a neighborhood. There are buyers, due to the low, low, low interest rates and there are 20% fewer homes on the market than there were last year at this time.  Your home has a ... more

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