There has been a good deal of positive recent local press comment following the first-ever award of a Green Dot for the Albuquerque metro area in the Urban Land Institute's annual Emerging Trends in Real Estate report.
The Green Dot indicates "generally good overall real estate prospects" for the area, reversing four previous years of negative ratings.
This is, of course, incredibly good news and reflects the increasingly positive market trends that we've been tracking on this blog throughout 2015.
Albuquerque ranked 49th out of 75 cities named as markets to watch. The city's development ranking has also improved from 39th to 37th place nationally.
These impressive new statistics reflect growing national confidence that prospects for real estate will continue to improve and it's interesting to note the buoyancy of the market as we head into what is traditionally, though in many important respects wrongly, regarded as a quieter time of the year.
With the surprise continuation of low mortgage rates deep into 2015, and it's by no means a certainty we will see a Fed interest rate increase this side of Christmas, the urgency that buyers have been extremely sensitive to for some time, locking in a low rate while they still can, is still very much in force.
The Emerging Trends report should also be another clear sign to on the fence sellers that the time is right to list property. With rising sale prices and inventory of available homes in the area still heading south, there are some compelling motivations to put your home on the market right now.
Why not take advantage of this great news for Albuquerque area real estate and contact us today to explore your very best options.