Latest Albuquerque Real Estate News & Insights

## Current Trends in the Real Estate Market
– The current trends in the real estate market include interest rates and a lack of available homes for sale.
– Remodeling projects can have a significant impact on the market, and real estate agents can network and increase their business.

## Buying a Home
– The first step to buying a home is talking to a realtor.
– A realtor can help you understand the process and guide you through it. It is important to have a realtor who is trustworthy and can help you navigate the process.
– There are many options and programs available, so it is important to consult with a realtor who can help you find the right one for you.

## Remodeling Impact Report
– The National Association of Realtors’ 2023 remodeling impact report discusses the importance of curb appeal and the increased scope of outdoor projects since the pandemic.
– Cost recovery is influenced by a gazillion factors, and the joy score is important when remodeling.

## Real Estate Professionals in New Mexico
– There are different types of real estate professionals in New Mexico, including real estate agents, real estate brokers, and realtors.
– Real estate agents are not real estate brokers, and realtors are members of an association, the Realtor Association of New Mexico.
– A realtor is signed on to say they will abide by the code of ethics and regulations set by the realtor association.
– There are two types of qualifying brokers in New Mexico – the managing broker of an office of a brokerage, and the qualified broker responsible for an entire office of realtors.
– Associate brokers are responsible for their clients and their own deals, but not necessarily the managing or qualifying broker.
– Agent is a generic term for a realtor, real estate licensee, or someone acting as an agent.
– Agency is a legal term for when someone is acting on behalf of another person.

00:00 Introduction 02:15 Banking Stress and Mortgages 04:19 Banks and Mortgages 07:31 What are Mortgage Backs Securities? 11:33 Not the Mortgages of 2008 13:37 Mortgage Qualification Process 20:48...