Albuquerque Real Estate Talk 499 - August 3, 2024

Albuquerque Real Estate Market Insights: July Home Sales, Master Plan Communities, and Industry Changes

In Episode 499 of Albuquerque Real Estate Talk, Tego and Tracy Venturi discuss the impact of economic data on the housing market, reviewing July's home sales which hit an all-time high. The episode also explores the intricacies of mortgage rates, with detailed information on current rates influencing decision-making for buyers. The hosts delve into master plan communities in the Albuquerque area, highlighting developments like High Desert, Loma Colorado, and Mesa del Sol. They also cover upcoming changes in real estate practices effective August 1, 2024, impacting buyer broker compensations and the negotiation process. Lastly, the episode features a segment on market data, new listings, and the importance of local lender collaboration for home buyers. For more tips, insights, and property highlights, visit their website or contact the Venturi Realty Group.