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Albuquerque Home Market Defies National Trend  Despite slowing sales in most U.S. markets, Albuquerque along with Indianapolis, and Houston continue to be among the remaining top real estate markets, according to a recent Wall Street Journal article. Florida, which is one of the hardest hit markets, recently reported a decline of 20% for the sales of existing single-family homes when compared to the same month a year ago. California sales dropped 15% in February compared to last year at this time, and Phoenix is down about 25%. The current slowdown reflects three broad trends, according to real estate agents and economists. One of the most important trends is that many speculators have started to sell homes that were purchased as investments. In addition, high prices and rising interest rates have reduced affordability for middle-class families, according to the Wall Street Journal. Like national averages of temperature, what goes on in a local real estate market may be very different from the national average. As a local market, Albuquerque remains strong for both homeowners and investors. Request our Free Albuquerque, Rio Rancho and Los Lunas Relocation Package. It's packed full of useful and important information about the Albuquerque, Rio Rancho and Los Lunas, New Mexico area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Which neighborhoods offer the best values? It's our job to help! Ask us any question, or request our FREE relocation package of information on Albuquerque, Rio Rancho and Los Lunas. There's no obligation, and we promise to respond quickly...
Investment Real Estate >Investment Strategy
Real estate agents can provide you with information about how the local market has performed historically, in order to help you work out a strategy for investing in real property.
Historically, real estate has been a superb long-term investment. Many people have created fortunes on short-term investments in hot markets. Remember that the local market will be influenced by factors beyond your control, such as interest rates, economic trends, local employment opportunities, and the demand for and availability of rental housing. All of these factors are subject to change, so timing is crucial. A slow market can mean real values for buyers, but a fast market could heat up for several years, pricing timid buyers out of the market. Your real estate agent can't predict the future, but he or she can help you interpret the present.
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| Q |
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
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| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
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