Category Archives: New Mexico

Albuquerque Home Sales Reach Seven-Year High

October 16, 2013
Market: Albuquerque, NM

In Albuquerque, single-family home sales increased by 17.8% annually to 769 in September, according to the Greater Albuquerque Association of Realtors. That’s the highest monthly total in over seven years. Homes priced over $250,000 saw the largest jump, with sales activity spiking 22% from a year ago. Meanwhile, the median sales price improved at a more modest level, climbing 3.2% from September 2012 to $177,500.

Read more at the Albuquerque Business Journal.

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Single-Family Home Prices Increase in Albuquerque and Across the U.S.

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.

Despite Price Increases, Single-Family Home Sales are Sky-High in Albuquerque

August 12, 2013
Market: Albuquerque, NM

According to the Greater Albuquerque Association of Realtors, July single-family home prices and sales volume continued to increase at a healthy rate in the Albuquerque MSA. The median sales price increased 4% year-over-year to $182,000, and the average sales price followed suit, increasing 6% to $222,505.

Despite the rising home prices, more people are turning to homeownership in the MSA. July home sales increased 30.6% year-over-year to 939, the highest level in six years.

Read more at Albuquerque Business First.

Unemployment Increases in New Mexico as Labor Force Grows

July 30, 2013
Market: New Mexico

According to the U.S. Bureau of Labor Statistics, New Mexico’s labor force (the number of people looking for employment) increased from 936,100 in May to 946,600 in June, raising the unemployment rate from 6.4% to 7.6%, just below the national level of 7.8%.

Although New Mexico lost 2,000 jobs during June, Albuquerque gained 700 jobs and Santa Fe gained 800. As of the end of June, the state added 7,200 jobs year-over-year, translating to a growth rate of 0.9%.

Read the full article at Albuquerque Business First.

Albuquerque Single-Family Home Sales Volume Increases Dramatically

July 22, 2013
Market: Albuquerque, NM

Single-family home sales in the Albuquerque MSA increased 22% year-over-year to 2,256 in Q2 2013. New listings also rose by 17.5% year-over-year. Home prices were much more stable, with average sale prices falling 1.1% to $207,000 and median sale prices receding 2% to $170,000.

Read the full article at the Albuquerque Business First.

 

New Mexico Single-Family Home Sales, Prices Increase in Q2

Market: New Mexico
July 18, 2013

The Realtors Association of New Mexico has released its Q2 2013 data, and the state’s residential real estate outlook is overall positive. In New Mexico, 4,428 single-family homes sold, an increase of 9% from 2012 and 23% from 2011. In addition, the median home price for June was $179,000, a 4% increase year over year.

Read more at the Albuquerque Business Journal.

 

Healthcare Insurers to Hire 900 in Albuquerque

Market: Albuquerque, NM
June 14, 2013

Centennial Care plans to hire 900 workers in Albuquerque. This new influx in hiring will come from three of the plan’s insurers: United Healthcare, Blue Cross and Blue Shield of New Mexico, and Molina Healthcare of New Mexico. Centennial Care’s new hiring is an early response to the Medicaid expansion that will begin in 2014, which will add 170,000 more people to the state’s Medicaid program.

Read the full article at Albuquerque Business First