michele simsIf you have listened to the national news these past few years then you have heard about all of the doom and gloom in the real estate market. While there is truth in the national news concerning the market, you need to remember that real estate is all about location, location, location! It is not just where the house is located, but also where the market is located! So, before you believe everything you hear in the media . . . you need to consult with the local real estate professional and find out how the market is in your location, because not all markets are doom and gloom!

 
The Alamogordo real estate market has held stable over the past few years. Our homes were not over inflated when the market was at one of its peaks a few years ago. Therefore, we have not seen an over abundance of home owners owing more than the their home value. 
 
However, our market has been affected in some ways by other markets where everyone was upside down in their loans. The reason why . . . because when buyers move here from those areas they are scared to buy again or they cannot afford to buy because they cannot sell a home in another location. What we are seeing here is that home values are not appreciating as quickly as they have in the past and this has caused the average days on market to be longer in the Alamogordo area; some sellers are selling at their bottom line so they can move on; others are choosing to rent out their homes.  
 
As a real estate professional, I believe that home ownership is still a good investment and now is a good time to buy! Interest rates are at an all time low and there is a nice selection of homes to choose from. If you have been considering purchasing a home I recommend that now is the time for you to speak with a local lender to see what you qualify for and then we can get started in finding you a home that meets your needs.


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Michele Sims

 

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   * This blog is written and maintained by Michele Sims.

  ** The views expressed on these pages are mine alone and not those of my brokerage.

 *** This information is demed reliable, but not guaranteed

**** Statitical data comes from Otero County Association of REALTORS®


© 2011 Michele Sims. All rights reserved.

 

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Michele Sims, Affinity Real Estate, LLC

Michele Sims

Alamogordo, NM

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Alamogordo, NM

Address: 2904 White Sands Blvd, Suite B, Alamogordo, NM, 88310

Office Phone: (575) 434-9700

Cell Phone: (575) 491-6673

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Alamogordo NM Real Estate & More . . . brought to you by Michele Sims Associate Broker/REALTOR® with Affinity Real Estate, LLC. A place for you to stay informed on what is happening in real estate in Alamogordo, NM.


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