Albuquerque Real Estate


FORECLOSURE NEWS 

November  4, 2011

A statistic we all hate to hear made news after 3rd Quarter 2011.  Albuquerque ranked #1 for foreclosure increases compared to 3rd quarter 2010.  Quite an amazing statistic in my opinion.  The good news was ABQ values are still more stable than the national average.

1. Albuquerque, N.M.

2. Boston, MA

ABQ Quarterly increase in foreclosures: +151%

# of Foreclosures Q3 2011: 1,358

Unemployment: 6.9%

% home value down from peak: -14.9%

Albuquerque’s housing market, like Boston’s, is relatively healthy. While home prices decreased 32.3% nationally after their peak, home prices in Albuquerque only decreased 14.9% since they peaked. Regardless, foreclosures have recently skyrocketed. In the third quarter of 2011, the number of foreclosures in Albuquerque increased 151%. According to New Mexico Business Weekly, the lack of job creation in the area has been a major contributor to this problem.

1.-albuquerque-new-mexico




Keller Williams Realty 6240 Riverside Plaza Suite 100 Albuquerque, NM 87120 505-897-1100  This website is produced and owned by Will Beecher, all photography and images are copyright of the owner. Use of these images is prohibited. We are  not  in any way associated with the San Pedro Creek Estates HOA or the San Pedro Overlook HOA, nor the developer, Campbell Corporation or any of their subsidiaries.  Some  properties shown are not Keller Williams Realty Listings. This website merely provides information about  San Pedro Creek Estates and San Pedro Overlook that is readily available on the internet  and SWMLS.  All information herein is deemed accurate but is not in any way guaranteed. Prices may change at any time.