October 7, 2013
Market: Albuquerque, NM
According to CoreLogic, August single-family home prices for metro Albuquerque increased at a modest annual rate of 3.6%. Higher mortgage rates and the conclusion of the yearly summer “buying season” resulted in slightly lower annual gains in August compared to June and July.
National single-family home price growth was even more encouraging, with prices increasing 12.4% from August 2012. Every single state, and 99 of the 100 largest cities, saw year-over-year price growth.
Read more at Albuquerque Business Journal.