Albuquerque Real Estate Talk 466 - Nov 4 2023

In this episode of "Albuquerque Real Estate Talk", Tracy and Tego Venturi delve into the latest trends, updates, and insights that you don't want to miss.

They discuss the recent changes in zoning ordinances, allowing for the construction of accessory dwelling units (ADUs) or casitas in the city. They also explore the benefits of multigenerational living and how it can be a solution for both financial and emotional support within families.
The Venturi Group sheds light on the impact of short-term rental properties being assessed as commercial properties, leading to potential higher property taxes for Airbnb and VRBO hosts.
They highlight the challenges and demand for affordable housing through programs like the Section 8 voucher program, managed by the Albuquerque Housing Authority.
In addition to these topics, they share updates on mortgage rates, the antitrust lawsuit in the real estate industry, and the increasing popularity of multigenerational homes. They also provide insights into the Albuquerque housing market, including sales data and opportunities for buyers, such as a house in Rio Rancho with a competitive price and seller-provided closing cost assistance.
To listen to the full episode and gain valuable insights from Tracy and Tego Venturi's expertise in Albuquerque real estate, tune in now. Don't miss out on this wealth of information! Call the team at 505-448-8888 for any real estate needs, or visit https://welcomehomeabq.com for more information about real estate in Albuquerque.