Albuquerque Real Estate Talk 504: August Home Sales Data & Understanding the Home Inspection Process

Welcome to the 504th episode of Albuquerque Real Estate Talk! In this episode, we delve into August 2024 home sales data for the Albuquerque area. We discuss the home inspection and repair resolution process, provide updates on mortgage rates, and analyze why home sellers are not putting their homes on the market. We also feature several homes of the week and touch on a City Council discussion regarding short-term rentals. Finally, we share key housing statistics, including trends on median home prices, inventory supply, and market activity, alongside the latest economic data impacting the housing market.

00:00 Introduction and Episode Overview
01:13 City Council and Short-Term Rentals Update
03:12 Albuquerque Housing Market Statistics for August
09:06 Understanding the Home Inspection and Repair Process
15:02 Featured Homes of the Week
18:16 Good News on Mortgage Rates
21:27 Why Home Sellers Are Not Selling
26:47 Closing Remarks and Contact Information