Albuquerqu Real Estate Talk 495 - June 22, 2024

Albuquerque Real Estate Trends: New Construction, Housing Affordability, and Los Ranchos Controversies In this episode of 'Albuquerque Real Estate Talk,' hosts Tego and Tracy discuss numerous real estate topics, including the current state of new home construction in Albuquerque and the impact of rising material costs. Tracy provides insights into down payment assistance programs, often unknown to many potential homebuyers. They also explore the ongoing controversy in Los Ranchos over high-density housing projects and the project's implications for affordability and community identity. The hosts delve into the broader issue of housing affordability, comparing Albuquerque to other markets and discussing proposed local policies aimed at alleviating housing shortages. Additionally, they share information about upcoming open houses and new listings in the Albuquerque area. The episode concludes with a look at the real estate market's complex dynamics and the continued challenge of balancing supply and demand in the housing sector. 00:00 Introduction and Episode Overview 01:11 Controversy in Los Ranchos 05:46 Housing Affordability Issues 10:26 New Construction Insights 19:53 Open Houses and New Listings 22:32 Down Payment Assistance Programs 24:20 Affordability Index and Market Comparison 26:58 Conclusion and Contact Information