Falling Homes Sales in ABQ

The bad news is that home sales in the last quarter of 2007 for New Mexico fell 38.7% which is one of the three largest drops in the USA. The good news is that prices did not fall and in fact appreciated about 6% for all of 2007. The market picked up in Jan. so we will see what the new interest rates does to our home sales. It's a great time to buy here for those who can get financing.

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