Real Estate Information Archive

As we approach the end of 2020, some analysts predict the number of foreclosures will rise. The Albuquerque housing market remains strong, but Coronavirus shutdowns have damaged the economy, and unemployment has remained high.

It's important to be prepared for the experience of dealing with foreclosure if you're hoping to find a great deal. Buying a foreclosure has many aspects similar to buying any other house, but if you know what to expect, your process will go more smoothly.

Types of Foreclosures

Foreclosed homes fall into two general categories. Home foreclosures include bank-owned homes and real estate-owned properties (REOs). In both cases, the lender is the owner of the home. Foreclosure stages distinguish the two.

A bank-owned home is in foreclosure, meaning the homeowner is not making payments, and the lender is taking steps to remove the homeowner. Bank-owned homes are sold at auction when they are foreclosed. A bank-owned REO property remains the property of the bank even if it doesn't sell at auction. In spite of being auctioned, REO properties haven't been sold yet. REO agents are usually used by lenders to sell them.

The prices of foreclosures are often significantly lower than similar properties in an area. A lot of foreclosed properties are sold at well below the market value. Buying a foreclosure can also help lower your interest rates, reduce your down payment, and save you money on appraisal fees and closing costs.

Some deals on distressed properties can be found in situations where the property isn't bank-owned.

Pre-foreclosure is one example. It means the lender has notified the borrower they have defaulted, but they might be able to avoid foreclosure if they sell the property. In short sales, lenders take less for the property than what's owed on the mortgage. Lenders can approve a short sale even when you aren't in default.

Buying a Foreclosed Home

If you want to buy a foreclosure, the following are the steps to expect:

Mortgage Preapproval

Before looking at properties in Albuquerque foreclosed by banks, preapproval for a mortgage is a good idea. A preapproval will show you're serious about buying, and it will help you narrow down your search.

Find an Agent Experienced in Foreclosures

It's important to have a foreclosure expert on your side. They can also help you find properties in your area if you don't have a specific property in mind.

Make a Competitive Offer

Even if a property is in foreclosure, you may still have to make a competitive offer. It is likely you will receive a substantial deal, but if you make an offer that is too low it may not be accepted.

Get an Inspection

Foreclosed homes are bought as-is. There will be no repairs made by the seller. When you buy a property, whatever is needed becomes your responsibility. If you make an offer, you need to know what you're getting into. If you do an inspection and you find too many problems, you should pass on the property. In the inspection, whatever is found is not going to be a strong negotiation tool - it's only there to help you decide.

You cannot do an inspection when you buy a house at auction. You don't even have the opportunity to see the inside of the home before you bid.

The Risk for Buyers

Buying a foreclosed home comes with a lot of risks. A property inspection may fail to reveal hidden problems or costs. Moreover, it's a long process.

When you buy a foreclosure, you have to deal with a lot of paperwork. The response times for banks to offers on these properties are usually slow, and if a bank is behind in foreclosures, it may take months before they respond.

It doesn't mean you shouldn't consider buying a foreclosure. To be prepared for these hurdles, you simply need to be organized.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Are you looking to buy a new home in Albuquerque? If so, you already know that location matters. What neighborhoods in Albuquerque will best serve your needs and lifestyle? Niche.com comes out with a yearly list of the best neighborhoods in Albuquerque. Here are the top 3 neighborhoods from that list. Contact us today to view homes in any of these communities!

Nob Hill

#1 Best Neighborhood to Live in Albuquerque

Nob Hill is a neighborhood in Albuquerque, New Mexico with a population of 6,427. The Median Home Value is $271,555. It's rated as the #1 Best Neighborhood for Young Professionals in Albuquerque, #1 Best Neighborhood to Live in Albuquerque, and #1
Best Neighborhood to Raise a Family in Albuquerque.

All the schools serving Nob Hill are top rated, which includeEarly College Academy, College & Career High School, Nex+Gen Academy, Coral Community Charter School, Desert Willow Family School.

Residents of Nob Hill have nothing but good things to say about life in this community. One reviewer notes, "This is probably the best place I've lived in my whole life. Almost anywhere in the neighborhood is extremely walkable, whether it's to a restaurant, theater, school, or small business. Everyone is incredibly warm and friendly..."

Eastside

#2 in Best Neighborhoods to Live in Albuquerque

Eastside is a neighborhood in Albuquerque, New Mexico with a population of 162,145. The Median Home Value is $247,679. Eastside is rated #2 Best Neighborhood to Live in Albuquerque, #2 Best Neighborhood to Raise a Family in Albuquerque, and #2
Most Diverse Neighborhoods in Albuquerque.

All the schools serving Eastside have an "A" rating, including La Cueva High School, Southwest Primary Learning Center, Early College Academy, College & Career High School, and Nex+Gen Academy.

Of living in Eastside, one happy resident remarks, "You will meet all kinds of people, and you could grab lunch with your new friends at a local shop serving traditional New Mexican fare (smothered in green chile, of course), or you could load up on caffeine at an eclectic coffee shop. Join all the marathon bicyclists, run a trail, sleep 'til noon - whatever. In short: take your pick from the array of lifestyles New Mexico can offer you."

Balloon Fiesta

#3 Best Neighborhood to Live in Albuquerque

Balloon Fiesta is a neighborhood in Albuquerque, New Mexico with a population of 79,076. The Median Home Value is $200,783. Balloon Fiesta is rated #1 Most Diverse Neighborhood in Albuquerque, #3 Best Neighborhood for Young Professionals in Albuquerque, and #3 Best Neighborhood to Live in Albuquerque.

"A" rated schools serve the Balloon Fiesta neighborhood, which include La Cueva High School, Cottonwood Classical Preparatory School, Early College Academy, College & Career High School, and Nex+Gen Academy.

One satisified resident says "I wouldn't change the view of the mountains in the east for anything, especially with hot air balloons drifting in the early morning in front of the mountains."

Search Homes for Sale in Albuquerque

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Albuquerque is currently a seller's market, so you may have problems finding a home to buy. More people are searching for homes than usual, but fewer homes are available. Therefore, the key to getting a good home deal is having a competitive edge. Here are a few tips that will help you close the deal.

Listen to Your Realtor

A Freddie Mac article discusses making an offer. Throughout the process, it emphasizes how important it is to be guided by trusted professionals, especially during times of emotion:

“Remember to let your homebuying team guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must-haves and future financial stability.”

When making an offer, the first thing you should do is get expert advice. Over the years, Sandi Pressley and her team have helped many Albuquerque residents find their dream home. Your home buying experience will be greatly enhanced by their experience.

Understand Your Finances

Before you look at houses, you should know what you can afford and what your financial situation is like. In addition to this valuable information, getting pre-approved for a loan shows the selling agent that you mean business and are serious about buying. 

Act Fast!

Recent NAR data shows that real estate listings received an average of 3.7 offers and remained on the market for an average of 21 days. As these examples illustrate, it is crucial to remain flexible and alert while searching for a house. Once you find a home that meets your needs, you should be prepared to make an offer as soon as possible.

Make a Fair Offer

If you're buying a home, you obviously want the best terms possible. There is, however, a need to appeal to the seller. Low-ball offers are likely to make sellers question the seriousness of your offer. Do not submit an offer which will be rejected immediately. 

Stay Flexible in Negotiations

The mere fact that you submitted an offer doesn't mean it will be accepted. Keep in mind that you may be competing with multiple offers. The seller can accept, reject, or counter an offer. Negotiating in a competitive market requires nimbleness. By including flexible moving dates, a higher price, or a minimal contingency clause (conditions you set that the seller must meet before a purchase is finalized), you can strengthen your position when making an offer. 

It is more important than ever to make a winning offer on a home in today's competitive real estate market in Albuquerque. Be sure to connect with Sandi Pressley as soon as you can so that you can stay on top of the game.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Albuquerque home sellers often overlook pre-listing home inspections, which are crucial to the real estate transaction.

An inspection of a property before it is listed provides sellers with a clear understanding of its condition. Before putting the home on the market, the seller can fix any issues or set the right asking price.

Pre-listing home inspections can help expedite the transaction process and reduce the chance of surprises that may arise from the inspection. Some of the benefits are as follows:

Uncover Any Issues

Sellers will be able to clearly understand any problems in their home by having their home inspected prior to listing the property. Before putting your home on the market or presenting to potential buyers, the inspector will inform you of issues that you can address and fix. As a result, you will save both time and money.

Save Money

It usually costs the same as a standard home inspection to conduct a pre-listing inspection. Inspections can be extremely valuable. The pre-listing inspection warns you of potential problems well in advance of the listing, whereas a buyer's inspection only gives you a few days to resolve them. In this way, you can compare the cost of repairs and negotiate prices without feeling rushed.

A full disclosure upfront will be appreciated by buyers, as will any repairs made. As a result, the risk of buyers returning and asking for more off the sale price is reduced.

Boost Marketability

Transparency is a key factor in home selling. In addition to disclosing information to the potential buyers, a pre-listing inspection will enhance the level of trust between you and buyer. By making the information readily available, you are able to get your home sold more quickly and make your home more attractive to buyers.

Clearly reflecting the state of the home and providing suggestions for resolving any issues that are found is the goal of a professional home inspection. By leveraging the knowledge and experience of professionals, it is ensured that important issues are not neglected, reports are received efficiently and sellers are able to move through the real estate process quickly.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

In the process of buying or selling a home in Albuquerque, a real estate attorney may or may not be necessary, but how do you know?

If you are able to understand their role and what they do, you can determine if they are the right person for your team.

What Do Real Estate Lawyers Do?

What are the general duties of a real estate lawyer? Obviously, they handle transactions related to real estate, but what does that entail?

The attorney may review any contracts or other agreements you had with the seller related to the purchase, including your contract. Your lender documents, your title and transfer documents can also be reviewed by a real estate attorney.

An attorney might be present at the closing in some circumstances.

Both the buyer and the seller can benefit from legal advice from a real estate attorney.

A mortgage lender can also be represented by an attorney.

How Do You Know When to Hire an Attorney?

A home closing is considered a practice of law in some states, so an attorney must be present. This is not the case in New Mexico.

Here are some reasons why you might want to hire an attorney:

• In situations where a contract is unusual in any way, having an attorney at least look things over might prove beneficial. A lawyer is almost always beneficial in complicated situations.
• Having an attorney on your side can bring you peace of mind. It can help you feel more confident, and you can make sure all of your bases are covered.
• Buying a home in a special sale might require the assistance of a lawyer. An example is a short sale, a bank purchase, an auction, or an estate sale.
• If you're purchasing a home in a different state, an attorney might prove useful.
• Your family member owned a home you are selling, and you are the executor.
• If there are several severe issues with your house or if there is damage to the structure, you might need an attorney.
• You are trying to sell your property despite having liens against it.
• There is a divorce settlement attached to the sale of your home.

What Is The Cost Of Hiring a Real Estate Attorney?

A real estate attorney's fee will vary greatly depending on what services they're providing and who's paying for that portion of the closing costs.

In some cases, attorneys will charge a flat fee that will include certain services, and in others, they will charge by the hour.

You don’t necessarily need an attorney to buy a home in Albuquerque. It can be beneficial, however, to have someone review your contracts during this time if you can afford it.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Are you thinking about upgrading your lifestyle in Albuquerque, but also want a great value? If so, take a look at our latest homes for sale! These gems are certain to sell fast, so make sure you schedule a showing today.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

3316 19TH Avenue SE, Rio Rancho, NM 87124

AMAZING REMODEL! Sandia mountain VIEWS! BACKYARD ACCESS! Incredibly updated 3BDR/2BA/1CG in the heart of Rio Rancho! New luxury vinyl plank flooring! New lighting! New windows! Newly painted interior & exterior! NEW SEPTIC TANK IN 2019! Huge great room with stacked stone fireplace, patio access and free flowing & open to the beautifully remodeled kitchen with new soft close cabinets & drawers, new granite countertops & sunny breakfast nook! Awesome flex room/game room PLUS separate office/study! Gorgeous remodeled baths with new vanities featuring dryer station, new flooring, commodes & lighting. Master suite bath features a new dual sink vanity, flooring & barn door! Close to Intel, Presbyterian Rust Hospital, Cottonwood Mall, parks, schools, shopping, restaurants!

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624 3RD Street NE, Rio Rancho, NM 87124

Come see this semi-custom Wallen Home with the most INCREDIBLE views!! Set on a 1/2 acre, these may be some of the best views in Rio Rancho. Relax outdoors and listen to your beautiful, oversized water feature, or just listen to the wind blow through the trees. Enjoy the open floorplan with eat-in kitchen and gas appliances. All bedrooms have NEW carpet, and master bedroom is an oversized comfort zone. Master bath features dual sinks, a gorgeous walk-in shower and separate garden tub, plus great walk-in closet. In addition, there's a great office with plenty of space. Plus, bring your toys! Garage has room for 3 cars with a tandem space, and there is side-yard access that can lead to the backyard for your camping toys. Schedule your showing today!

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2104 BEULAH Drive SE, Albuquerque, NM 87123

This luxurious home has a fantastic layout perfect for entertaining. Beautiful crystal chandelier as you walk in the door speaks elegance. The kitchen has plenty of cabinet space, SS appliances with w/a double oven (2020) and NEW granite countertops (2021) along with a walk-in pantry. This fabulous floorplan has 3 Master bedrooms, 1 downstairs, 2 upstairs w/2 nice sized bedrooms upstairs and if that wasn't enough, a 1 bd | 1 ba | 229sf CASITA that leads to the patio & backyard. Please see attachment (features & upgrades). This home is sure to please multi-family living! Note: Casita is included in bds/ba & overall sf.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

A pool might sound like a great idea if you're searching for a new home in Albuquerque. Keeping cool is important in this climate since it gets hot. Pools are extremely popular right now, so popular that there are waiting lists for pool contractors and a shortage of maintenance items like chlorine.

Does pool ownership live up to its hype? The answer is yes, but you need to prepare.

The Pros of a Pool

Can Improve Your Quality of Life

Owning a pool can make your life more enjoyable, and it can also enhance your lifestyle. It can also be used for exercising or getting out for fresh air and vitamin D.

Having a pool can enhance your social life in the sense that many families with them enjoy spending time together.

A Pool Can be Beautiful

The aesthetics of a pool might be a factor in your decision to buy a home with one. It's great to look out at your pool or see the water from your deck. Many people find relaxation in the sight of water in any form, including in a pool.

Pools Can Increase Your Home’s Value

Pools can add value to a home in many instances. In warm climates like ours, this is especially important. In places like New Mexico, swimming pools are pretty much considered to be necessities.

In the case that you ever want to sell your home and your neighbors don't, your property might be in higher demand or fetch a higher price than a home without a pool.

The Cons of a Pool

Cleaning and Maintenance

It's true that some people prefer to clean and maintain their pools, but if you aren't one of them, think twice about buying a house with one. You may need to spend several hours a week maintaining your pool if you do it yourself.

If you hire an individual or company to maintain your pool, expect to spend $50 to $150 per week.

You also have to pay for the supplies required to clean and maintain a pool.

Safety

Buying a home with a pool means checking for safety codes and complying with existing regulations. An alarm system or fence may need to be installed.

If you have small children or pets, consider how an in-ground pool will affect your family's safety.

Insurance Costs

A pool is usually covered as part of "other structures" in a homeowner's policy. In any case, you may be responsible for injuries caused by your pool. This is why some insurance policies refer to pools as an "attractive nuisance.". It will cost you more to insure, since you'll need liability coverage.

Not Always Be a Good Thing for Resale

Pools are not always viewed as pluses by buyers, so you need to consider that as well. You could end up limiting your options if you wanted to sell your house.

Last but not least, if you're buying an existing home, what is the condition of the pool? Is there a possibility that you may need to make major repairs or upgrades when you move in?

Choosing whether or not to purchase a pool is a personal decision that should be made strategically and not emotionally.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Would you like to learn how to increase the value of your house for sale in Albuquerque? You can increase the value of your home by up to 15% by improving your landscaping. For a $300,000 home, that means about $45,000.

A small improvement can have a big impact. You should aim to spend between 5% and 10% of the value of your home. You can save even more if you do the work yourself or enlist the help of family and friends.

Here are four landscaping ideas that can increase the value of your home in Albuquerque.

Clean It Up

What does your yard look like? Keeping the grass mowed and removing dead trees and bushes is a simple way to improve the appearance of your property. You can then replace them with low-maintenance plants. 

You should also trim overgrown trees and shrubs, and remove low branches. Replace rusted metal edging where your grass meets your rock or mulch if it is old and rusted.

Keep It Low Maintenance

Here are some ideas to create a low-maintenance yard if you don't have all day to work on it.

• Plant perennial flowers that will return every year.
• Install a sprinkler system or automated soaker hoses.
• Cover more areas with pavers or hardscape to cut down on mowing time.
• Avoid messy trees that leaves, needles, and berries. Consider arborvitae trees that can grow up to 50 feet tall, need little pruning, and stay green year-round.

Grow a Privacy Fence

Are you able to see your neighbor's backyard? Trees or shrubs can be planted to block their view as well as yours. Go with plants and trees that are native to the Albuquqerque area, such as Mimosa, Desert Willow, Smoketree, Big Sage, Fourwing Saltbush, Butterfly Bush and many others.

Try to plant various types of shrubs or trees so that if one gets a disease, they don't all get it and die. When you stagger these different plants, it creates an attractive look that home buyers will love.

Bring Your Indoors Outside

Your backyard is a great place to relax with your family and friends during the summer. With the right budget and space, a gazebo is an excellent addition to any landscape. You might as well add an outdoor kitchen equipped with a built-in grill, a refrigerator, and a TV if you really want to go all out. Soft cushions, outdoor carpet, and throw pillows will complete your lovely gazebo.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Is your family growing and you need some extra room? If you're looking to expand your living area, you can't beat these two outstanding values. One of these homes offers 7 bedrooms and 3566 sq ft of room! Check out these great properties while can!

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

7321 THUNDERBIRD Court NW, Albuquerque, NM 87121

$275,000

Cul-De-Sac! Private gated entrance! Beautiful shade tree at the front entry! 7 BDR/3BA! Two master bedrooms on main level! THREE living areas with living/dining and separate family room with wood burning fireplace plus a huge den. 7 bdrs with closets, 4 on the main level and 3 bdr upstairs plus an office/study/flex room on the main. Kitchen is open to the family room with breakfast bar and pantry. Approx .25 acre lot located on a cul-de-sac, extended covered patio, large backyard, two storage sheds, walled for privacy and lots of outdoor entertaining space. Close to schools, shopping, restaurants, easy access to 1-40 and Coors!

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4621 CONGRESS Avenue NW, Albuquerque, NM 87114

$325,000

Excellent location in Knolls of Paradise Hills! Close to shopping, restaurants, parks, Cottonwood Mall, Presbyterian Rust Hospital and easy access across town or downtown! 4BDR/2BA/2CG! Private front courtyard! Huge great room with cove ceiling and fireplace! Skylights! Master suite on its own wing! New water heater (2020) Kitchen features breakfast nook with beautiful bay windows overlooking the backyard. Master suite features jetted tub, large shower, dual sink vanity, two walk-in closets & tile floor. Large secondary bedrooms and full bath on a separate wing. Outdoor living features a covered patio, entertaining space for summer BBQs, raised garden space for flowers & herb pots and mature trees and shrubs!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

You can increase the sale price of your Albuquerque house by staging it for sale. In addition to helping you sell faster, it's an important marketing tool to help you compete at the right price. But cleaning the house and fluffing some pillows is not enough. Organizing, decluttering, repairing, upgrading, and depersonalizing are the keys to this process.

Here's a few tips to get your home ready to sell in Albuquerque.

Living Room

• When placing anything from accent pillows and table lamps, go for symmetry, which is pleasing to the eye.
• Light it up with lamps. Chic lamps provide both added lighting and appealing decor.
• Make that fireplace glow. Scrub away soot stains and replace the old screen.
• Whatever amount of furniture you have in your living room, remove a few pieces to make the room feel spacious.
• Help buyers imagine their life in your home. Set the scene by displaying a board game or tea service on the coffee table, and arrange furniture in conversational groups.

Kitchen

• Clear everything from countertops except one or two decorative items, like a vase of flowers or bowl of fresh fruit.
• Pack up all the dishes except one attractive, matching set. Do the same with glassware, flatware, and cookware, and pare down all other cupboard and drawer items down to the minimum.
• Freshen up and modernize those cabinets with a fresh coat of paint or stain and new hardware.
• Invest some time in evaluating your appliances. Can they be made to look new again with a good scrub? Consider giving it the old college try or replacing it with a new model. Stainless steel is strongly recommended by the Real Estate Staging Association. If you use stainless films, you can get stainless's appearance for the price of a cheap meal.
• Remove those fridge magnets and give the door and handles a good cleaning.

Bedrooms

• Go gender neutral in the master bedroom. Ditch those dainty, floral pillow shams or NASCAR posters.
• Pack up all but the clothes you're wearing this season to make you closets look larger.
• Swap out the motley crew of mismatched hangers in your closet for a set of wooden ones to create a classy, boutique look.
• Put jewelry and other valuables in a safe spot.
• Consider giving extra bedrooms a new identity as a home office, sewing room, or another interesting function.
• Remove televisions or video game consoles from bedrooms to depersonalize and create a serene setting.

Obviously, there are other ways to stage your home for sale. However, with these few tips, you'll be on your way to a faster sale.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.