13215 Pine Forest Pl NE (Albuquerque, New Mexico)

From the moment you walk through the the large foyer you will feel the warmth this home has to offer. Located in the highly sought after gated community of Desert Run in High Desert. In this stunning home you will find 4bdrms + an office or study, & a formal dining room with hardwood flooring. You will be thrilled with the beautiful gourmet kitchen with stunning cabinetry, raised bar, and large breakfast nook which completely opens up to the Living Room. Light & Bright living room offers 20ft ceilings, & a gorgeous Kiva fireplace which will surely be your focal point. The owners retreat w/stunning mountain views is just that - a retreat complete with a mini kitchenette, & access to your own private deck. Entertaining outside will be a delight with a covered patio, gas grill, and outdoor fireplace.



13215 Pine Forest Pl NE
Albuquerque, NM 87111





Price: $475,000
MLS#: 805728
Bedrooms: 4
Baths: 3
Sq Ft: 2573
Garage Spaces: 2
Click for More Details
 

www.GregLobb.com

Top 5 Home Design Trends for 2014 - Part 1

Each year, the housing industry is showered by new trends in terms of design and styling. The year 2014 is no different with predictions coming from various experts and professionals. But how varied will this year be? It all depends in the trends that will surface one after another. Here are the top 5 home design trends to watch and follow this year.

Use of neutral base colors
Neutral base colors will be at the forefront of many home improvement endeavors. The ease of matching them with other colors, prints, and patterns make them fantastic options. For instance, sofa sets with neutral base colors will complement throw pillows with prints and patterns. Mixing and matching neutral colors with accents are also best options if you want to achieve varied styling looks in your room without spending too much.

Is your home composed of neutral colors?

www.GregLobb.com

 

 

Article Source: http://EzineArticles.com/8245091

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