Albuquerque Real Estate Talk 488 - May 4 2024

Episode 488 of 'Albuquerque Real Estate Talk' delves into the latest housing market data for the Albuquerque area for April, covering topics like housing affordability and the economic impact of short-term rentals in New Mexico. The hosts discuss the number of homes sold, price appreciation, and the increase in homes on the market, alongside interest rate pressures potentially affecting buyer affordability. Additionally, they touch on the surge in demand for service providers like photographers and home inspectors due to the influx of homes on the market. The episode also highlights the economic contributions of short-term rentals, disputing the notion that corporate investors significantly impact housing availability. It showcases local home listings, including a short-term rental opportunity near Old Town and a property on Pawnee Trail, emphasizing a variety of open houses ranging in price. Lastly, it mentions an investment opportunity in Tierras with acreage for potential buyers.

00:00 Welcome and Overview of Today's Topics
00:41 April Housing Market Update for Albuquerque
01:42 Surge in Home Listings and Impact of Interest Rates
02:36 Service Providers' Busy Schedules Indicate Market Activity
06:22 Exploring the Central New Mexico Parade of Homes
07:07 Highlighting Affordable Homes and Local Builders
12:44 The Economic Impact of Short-Term Rentals in New Mexico
17:45 Investment Opportunities and Open Houses This Weekend
20:39 Debunking Myths: Investor-Owned Properties in Albuquerque
26:31 Featured Property Listings and Closing Remarks