A BIG JUMP IN HOME SALES IN ALBUQUERQUE. FINAL YEARLY FIGURES SHOW MORE THAN 97-HUNDRED HOMES WERE SOLD LAST YEAR…THE MOST SINCE 2007. JANICE MCCRARY, THE EXECUTIVE VICE PRESIDENT OF THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS, SAYS 2013 SAW INTEREST RATES START TO CREEP BACK UP. SHE SAYS INTEREST RATES ARE STILL AFFORDABLE, BUT MANY BUYERS THINK RATES WILL CONTINUE TO TREND UPWARD, SO ARE MOVING NOW.
HOME SALES IN 2013 WERE UP 15 PERCENT FROM THE PREVIOUS YEAR. AND THE MEDIAN PRICE OF A HOME WAS UP THREE AND-A-HALF PERCENT…TO JUST UNDER 175-THOUSAND DOLLARS.
