Albuquerque Has Huge Increase in Homeownership
Despite what people may be saying, the dream of owning a home is definitely still valid. Sure it may not be as easy to buy a home these days. Factors such as student loan debt, rising home prices and a fewer available properties make it a challenge. Because of this, on a national level home ownership rates have declined to around 64%.
That doesn’t mean there aren’t cities that are the exception to this trend. Realtor.com performed a study of the cities in America where homeownership rates are growing faster. The great news is that Albuquerque ranked #7 on their list! They analyzed data from the last Census and compared homeownership rates between the first 3 quarters of 2014 to the first 3 quarters of 2017.
Albuquerque was hit pretty hard during the recession. But the area’s climate and amazing scenery, along with low home prices and location near Santa Fe make it a very desirable place to buy a home. This has especially become true for people looking for the perfect retirement location.
People moving here to retire are drawn to the low prices in the area. New homes hover in the $250,000 range, making it very affordable to live here.
If you’re looking for the ideal city to move to, why not look at what Albuquerque has to offer?
HOT HOME LISTING OF THE WEEK!
8314 Calle Picaflor NW, Albuquerque, NM $850,000
4 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 4710 Square Feet
Exquisitely appointed single story custom home offers an exclusive & tranquil environment nestled on 1 Acre Sanctuary. Open concept floorplan featuring a dramatic entry way into inviting living area, 3 car garage, hardwood flooring, and so much more!
Contact the Sandi Pressley team for additional details!
Get your Morning Inspiration with the Sandi Pressley Team
