8801 Coral Satin Ct NE (Albuquerque, New Mexico)

Stunning North Albuquerque Acres Home For Sale
This pristine single level 4 bedroom with study custom home built by Star Homes will captivate you the moment you drive up. Located on a gorgeous corner lot offering intoxicating VEIWS!!! The detailed beautiful gate to the front entry way is only the beginning of the fine craftsmanship and attention to detail you will find through out this stunning home. The interior of this exceptional home offers two living areas, formal dining, & a kitchen that would delight any gourmet chef. Top of the line Wolfe appliances, sub zero fridge, island, and large informal dining area which all opens to the gorgeous family room. Dynamite backyard complete with a heated saltwater pool, hot tub, & well manicured lawn will make you feel as if you are at a resort. Absolutely Stunning home!!



8801 Coral Satin Ct NE
Albuquerque, NM 87122





Price: $775,000
MLS#: 804796
Bedrooms: 4
Baths: 3
Sq Ft: 3710
Garage Spaces: 3
Click for More Details



www.GregLobb.com

Where Is The Real Estate Market Headed in 2014?

On a national level, I hear that we will see moderate appreciation for the next 5-7 years, a prognostication that people in my profession prefer.  We don't like big gyrations up or down!  It scares buyers and sellers.  I prefer calm and consistent.  As for Albuquerque, hopefully we'll see the same.  but we can't rely on government to help us improve, and I don't see that changing anytime soon.  Let's hope and work for getting some high paying sector jobs here!

Question to the Reader: What is your outlook on the housing market and the economy as a whole for 2014?

www.GregLobb.com

13412 Pinnacle Ct NE (Albuquerque, New Mexico)

Absolutely gorgeous hard to find 5 bedroom custom home built by Ultima. This home is nestled at the base of the foothills, close to hiking & biking trails, convenient to Kirtland Air Force base & Sandia labs. This home offers refrigerated air, a bright and open floor plan with a formal dining room, large updated kitchen with center island and stainless appliances. Large master bedroom with 2 private balconies, a walk-in closet, private full bath with jetted tub and double sinks. Spacious backyard offering a large open deck as well as stunning mountain views, and much, much more. Come see it today!



13412 Pinnacle Ct NE
Albuquerque, NM 87112

Price: $400,000
MLS#: 801425
Bedrooms: 5
Baths: 3
Sq Ft: 3000
Garage Spaces: 2
Click for More Details



www.GregLobb.com

The 1% = 10% Rule

Let's say that you are getting a $200,000 mortgage.  A few months ago, a 30 year mortgage at 3.5% would have been $985.48 (principle & interest only, not including property taxes & insurance).  To get the same payment today, at 4.5% you would only be able to get a $178,000 mortgage, or about 10% less.  Do you think that this would tend to slow down activity some?  Well, it has.

A lot of people I talk to will ask me "How's the real estate market, Greg?"  They watch mostly national news and hear that the home values have increased 20% over the last year.  Yes, but only in those places where values dropped more than 50% during the "mortgage meltdown" years (2007-2001), like Phoenix, Las Vegas and California.  They still have a way to go before catching up.  So do we, but on a smaller scale.  While we lost about 15% during those "meltdown" years, we've gained back approximately 5% since. 

Question to the Reader: How has rising interest rates affected your approach to the housing market?

www.GregLobb.com

The Real Estate Market is Calming Down!

 

In my summer update I wrote "Real Estate is Back with a Vengance!"  It was when the inventory of homes was 17% lower than it is now and interest rates were somewhere in the 3.5% range.  Since July, rates have gone up a full percentage point (to ~4.5% currently), so buying has slowed down.


In addition to that, with the increase in homes for sale, we are reaching what the industry calls a "Balanced Market" meaning than it's neither a "Buyer's Market" or a "Seller's Market", but somewhere in the middle.  It usually means that there is about a six month supply of homes for sale and the odds of selling in two days, with multiple offers, and going over list price (like in some areas this last Spring) are few and far between.

Question to the Reader: Did you get into the market over the summer?

www.GregLobb.com

2821 Palo Alto Dr NE (Albuquerque, New Mexico)

This impeccable 4 bdrm single story all brick home built by Paul Smith offers an abundance of updates and features. Located in a desirable area of the FOOTHILLS, enjoy the fabulous VIEWS of the mtns, and from the bkyrd deck the city light VIEWS will amaze you. Upgraded kitchen with granite counters, island, and large breakfast area. All baths have been beautifully updated as well. Spacious secondary bdrms. Large master has its own access to the pool. Saltillo tile, wood pella windows, zoned ref. air/heat, and tons of storage throughout. The backyard is a dream w/large covered porch, view deck, in-ground heated gunite pool, and beautiful water feature. Parking for small RV/boat. You will enjoy the close proximity to the hiking/biking trails, and easy access to Sandia Labs and Kirtland AFB.



2821 Palo Alto Dr NE
Albuquerque, NM 87112



Price: $400,000
MLS#: 802769
Bedrooms: 4
Baths: 3
Sq Ft: 2861
Garage Spaces: 2
Click for More Details
 

Extras

2+ Living Areas
Breakfast Nook
Built-In Bookcase
Cable TV
Ceiling Fan(s)
Formal DR
Foyer
MB Shower Only
Raised Ceiling
Skylights(s)
Smoke Alarm(s)
Back Yard Acc. Poss.
Deck
Patio Combination
Patio Covered
Patio Open
Patio Steps/Rails
RV Pad
Walled Backyard



www.GregLobb.com

Be Prepared With First Aid Supplies (Part 2)

 

Visit Part 1 to get the whole story.

You need to make sure your first aid are of high quality. Nothing should be old or expired. All of the supplies should be current and above all effective. If something bad should occur you want to be sure you're not using low quality supplies. Quality does not mean expensive, it means effective. All your equipment should give accurate readings. Your bandages should be thick enough to wrap any wound that may occur. Creams should have a high enough concentration to treat the ailments they are prescribed for.




When buying supplies form a vendor make sure they are selling quality products. They should be licensed and respectable. Nothing should be old, expired, of questionable origin, or of questionable effectiveness. Be wary of any vendor selling you questionable miracle cures. Sadly selling shady medicine has become a cottage industry. This has led to dishonest vendors offering easy solutions to complex problems. If you hear something that sounds be good to be true be sure to research the claims.


When it comes to first aid supplies there are two ways to build a kit. You can buy a prebuilt kit and add the needed extras as you see fit. Or you can build your own from scratch built to your own needs. No matter what you choose make sure your supplies are quality.

Question to the Reader: Have you ever built your own first aid kit?

www.GregLobb.com

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