Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

More Americans Are Choosing to Buy Than Rent

by Sandi Pressley

According to the latest US Census Bureau report, it turns out that for the first time since 2006, more people chose to purchase a home over renting in the first quarter of this year.  There were 1.22 million new households formed in the first quarter, and of those, 854,000 were first-time buyers.  That makes the home ownership rate among new households a whopping 70%!

This is great news as the rate of homeownership nationwide is currently 63.6%.  The last time the rate came close to this figure was in the 2nd quarter of 2004, when it was at the all-time high of 69.2%.

Recently, a Wall Street Journal article had this to say about the reason for the jump in first-time buyers:

“The return of first-time buyers is accelerating. In all, they have accounted for 42% of buyers this year, up from 38% in 2015 and 31% at the lowest point during the recent housing cycle in 2011, according to Fannie Mae, which defines first-time buyers as anyone who hasn’t owned a home in the past three years.”

According to Trulia’s Chief Economist, Ralph McLaughlin:

“Strong renter household formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of. We look forward to future releases of these data to determine whether this is a statistical blip or a trend.”

What does this all mean? Basically, this indicates that as more people who can buy for the first time realize their ability to buy a home without renting first, then the overall economy will benefit.

HOT HOME LISTING OF THE WEEK!

4401 Pershing Avenue SE, Albuquerque   $499,000

3 Bedrooms/ 1 Bathrooms / 3 Partial Baths / 4100 Square Feet

INCREDIBLE Custom single story Home-In the heart of ABQ. 2CAR garage, open floorplan showcases 3 exceptional LG living areas, all in whopping 4100 sq ft!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Albuquerque Makes List of Best Cities to Live in America

by Sandi Pressley

Every year, US News & World Report comes out with their list of 100 Best Places to Live in America, and Albuquerque made the cut at #74! They base their ranking on quality of life, job market, and people's desire to live here. So it's really no surprise Albuquerque made the list, considering all that this great city has to offer. It's an area rich in culture and natural beauty. Albuquerque's economy and artistic community attracts new residents from all over.

There's so much to do in Albuquerque - art galleries, historic sites, the Albuquerque BioPark's zoo, museums. And don't forget the food! There is an enormous array of food to suit any taste. The wineries and breweries of Albuquerque are also known around the country.

And if you want to enjoy the great outdoors, no problem! Albuquerque Parks & Recreation has a whole host of great parks to keep you busy. There's a neverending list of things to do, such as golfing, swimming, walk through stunning open spaces, playing with your kids in the playground, ride a hot air balloon, shoot some targets, kayaking on the Rio Grande, you name it!

Learn more about what makes Albuquerque one of the best cities in America to live on our Albuquerque New Mexico Real Estate & Information page, as well as search for your dream home.

HOT HOME LISTING OF THE WEEK!

12105 Pocono Road SE, Albuquerque   $239,000

3 Bedrooms/ 2 Bathrooms/ 1790 Square Feet

Exceptional single story home built in 2013!  Light, bright & open great room w/fireplace, beautiful tile flooring thru out.  Spaciously designed kitchen complete w/stunning countertops/backsplash.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Four Hills Village - A Small Community With Much to Offer

by Sandi Pressley

If you’re looking to buy a home in a community that combines recreation and being conveniently located near a large metro area, then Four Hills Village is just the place.  Just north of Kirtland Air Force Base at the base of the Sandia Mountains, this quiet community of 2500 has everything you need to make it a home.

There’s a number of great places to shop and eat right here in Four Hills Village.  There’s specialty stores such as The Quilt Works, Bert and Jess Clothiers, and Gamers Anonymous. Or you can find a variety of stores all in one place at Four Hills Shopping Center.

Ready to eat? Local favorites like Basil Leaf Vietnamese Restaurant, El Pollo Real Colombiano, and Pizza Castle will keep your tastebuds satisfied.

But really it’s the recreation that attracts people to this community. Looking for a scenic drive? The Sandia Crest Scenic Highway, a 14-mile road weaves up to Sandia Crest from Cedar Crest, ends up right in the heart of Sandia Park.

You can find out more about the great community as well as search for the perfect home for sale on our Four Hills Village, New Mexico Real Estate page.

 

HOT HOME LISTING OF THE WEEK!

8100 Via Alegre NE, Albuquerque   $675,000

4 Bedrooms/ 3.5 Bathrooms/ 3330 Square Feet

One of a kind custom Mediterranean/Tuscan home with tons of features and amazing oversized garage for all of your cars & toys+workshop area!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Have a Happy Mother's Day in Albuquerque!

by Sandi Pressley

Mother's day is coming up this Sunday. Have you planned a special day for that special mom?  There's plenty of great ideas for spending a great day with your mom and showing your thanks.  Here's a few ideas to get you started.

Brunch

Sunday brunch with mom is the perfect gift.  A number of restaurants in Albuquerque are hosting Mother's Day brunches.  Here's a list of restaurants in and around Albuquerque that are featuring Sunday brunch.

Spa Day

What self-respecting mother doesn't want to be pampered? Take her out for a spa day. And of course Albuquerque has some of the best spas anywhere.  Check out this list of top 10 spas in Albuquerque.

A Home Cooked Meal

It's your turn to cook for mom.  Here are some recipes for delicious dishes she's sure to enjoy.

Jewelry

Most moms love jewelry.  Why not have a custom piece of jewelry made just for her? Here's a list of custom jewelers in Albuquerque?

Have fun with mom and have a happy Mother's Day!

 

HOT HOME LISTING OF THE WEEK!

5909 Gorrion Street NW, Albuquerque   $199,000

4 Bedrooms/ 1 Bathrooms/ 1935 Square Feet

Back on the market! This open concept floorplan includes tasteful updates. Plenty of space with 2 living areas and 4 beds spread over 1935 sq ft!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

According to a report recently released by Down Payment Resource, 65% of first-time homebuyers bought their homes with a down payment of 6% or less in January. This trend continued through all buyers who had a mortgage, as 62% made a down payment of less than 20%.

What does this all mean? An article by DS News points to the new wave of millennial homebuyers:

“It seems that the long-awaited influx of millennial home buyers is beginning. Ellie Mae reported that mortgages to millennial borrowers for new home purchases continued their ascent in January, accounting for 84 percent of closed loans.”

For millennials who purchased homes in January, FHA loans remained popular, making up 35% of all loans closed. Ellie Mae’s Executive Vice President of Corporate Strategy Joe Tyrrell gave some insight into why:

“It is not surprising to see Millennial borrowers leverage FHA loans because they typically offer lower down payments and lower average FICO score requirements than conventional loans. Across the board, we're continuing to see strong interest in homeownership from this younger generation.”

If you’re a millennial who’s wondering if you should buy a home this year, please feel free to contact us.  We can help you understand your options and get you on the path to preapproval.

HOT HOME LISTING OF THE WEEK!

5909 Gorrion Street NW, Albuquerque   $199,000

4 Bedrooms/ 1 Bathrooms/ 1935 Square Feet

Back on the market! This open concept floorplan includes tasteful updates. Plenty of space with 2 living areas and 4 beds spread over 1935 sq ft!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Displaying blog entries 1-5 of 5

Syndication

Categories

Archives

Quick links to this site are also SandiSells.net or SandiSellsHomes.com