Thursday, April 12, 2018

ABQ home sales, prices on the rise despite low inventory

Sales levels for homes in the greater Albuquerque metro area hit a seasonal high in March 2018, despite rising mortgage interest rates and prices.  “Despite fewer homes for sale, buyer demand continues to keep prices rising as a record number of homes are under contract,” said Danny Wm. Vigil, president of the Greater Albuquerque Association of Realtors (GAAR), in a statement. New residential real estate activity has been relatively slow nationwide in the first quarter. Rising wages and a…

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