Albuquerque, New Mexico is Housing Predictor's selection for the #1 spot on the Top 10 List. Albuquerque is growing like never before, attracting the movie business from Hollywood, a new airplane factory and many other new businesses, like Schott (Solar Power) and Fidelity Investments.
The median price for a home in Albuquerque is $194,000. The 2007 appreciation for homes in Albuquerque was 9.1%.
The selection is based on surveys conducted on 75 market conditions, sales velocity, pricing and 20 other factors.
Five Texas markets are included on the list, including McAllen, which placed 2nd. In early 2006 Housing Predictor forecasted the current boom in Texas.
Salt Lake City Utah placed third.
for more information on the Hottest 10 Buyers Markets, go to http://www.housingpredictor.com/hottest.html
For more information on Albuquerque Real Estate Financing, go to www.HomeLoansAlbuquerque.com
Mortgage broker serving the state of New Mexico with offices located in Albuquerque. Handling all forms of real estate financing including residential, commercial, land & new construction.
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What can you buy for $194,000? How much would it typically rent for?
I love Albuquerque. I haven't been there for many years, but I enjoyed my time there. I am not surprised to find it is a hot market -- I have often considered retiring there one day.