We Specialize In These Albuquerque Area Communities

Rio Rancho - Corrales - Placitas - Bernalillo - Tijeras - Sandia Park
Edgewood - Los Lunas - Belen

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Red Relief—Helping Those Impacted by Harvey and Irma

The Red Relief program by Keller Williams is dedicated to providing disaster relief to those impacted by Hurricane Harvey and Irma. Find out how you can help today.

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Keller Williams is here to help those impacted by Hurricane Harvey and Hurricane Irma.

When it comes to Keller Williams, family is everything.

Our Red Relief program is dedicated to providing disaster relief to every family impacted by these storms.

Hundreds of Keller Williams agents have gone to Texas to help those in Corpus Christi, Houston, Beaumont, and more. More agents are on their way to help families in the path of Hurricane Irma in Florida.

So far, we have seen a tremendous outpouring of love from our volunteers and donors. Rebuilding these areas is going to take more than a couple of weeks, so it’s important that we keep the energy going in the coming months as we help people get back to their normal lives.
Help us provide disaster relief to those impacted by Irma and Harvey.
As we work to rebuild these areas, we could use your help.

Please consider donating to our Red Relief program. Your contributions will help us supply food, water, clothing, and building supplies to these communities.

If you have any questions about KW Cares, the Red Relief program, and our ongoing disaster relief efforts, please don’t hesitate to reach out to us. We appreciate your support as we work to help others through this difficult time.

How the Fed’s Recent Rate Hike Impacts Our Market

The Fed’s recent rate hike shouldn’t have any significant impact on our market. In fact, it might actually stimulate it.

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On June 14th, the Federal Reserve increased its federal funds interest rate by 0.25%. They’re also widely expected to raise rates once or twice more over the course of 2017. What does this mean for the real estate market?

While any action by the Fed always garners a lot of attention, we believe these increases will not have any significant impact on our market.

First of all, mortgage rates have actually trended lower in the wake of the Fed’s recent announcement. The 30-year mortgage rate recently hit 3.9%, the lowest level in 2017. In fact, it’s a common pattern for the mortgage rate and the Fed rate to move in opposite directions, and the same thing has happened the last two times the Fed raised rates.

Second, the economy continues to do well. The Fed decided to increase its rate because unemployment and inflation are low, household spending is picking up, and we’ve seen steady growth for the past nine years. This is good news for the real estate market. As expected, we continue to see strong demand and a corresponding increase in home prices.

Third, while the Fed’s rate increase is normally meant to cool off the economy, it might actually stimulate it in this case. Because interest rates were so low for such a long period of time, experts believe the recent increases might ease pressure on the financial system and encourage lending.

These increases will not have any significant impact on our market.

Case in point: since the Fed started raising its rate in December 2016, total mortgages are up 2.5% year over year.

In conclusion, while any move by the Fed is likely to lead to a lot of hand-wringing, we believe the real estate market will not be affected and will continue on its own healthy course. Nonetheless, it’s clear that right now is a uniquely good moment for everyone in the real estate market. Today’s low mortgage rates are good for homebuyers because they make homes more affordable.

If you have any questions about our market or you’re thinking of buying or selling a home, give us a call at 877-933-6881 or send us an email at info@welcomehomeabq.com. We'd love to help.

A Different Approach to Buying Your First Home

Are you looking to buy your first home? If so, I encourage to look at the situation a little differently than you may have been to this point.

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Many prospective first-time homebuyers think their first home has to be perfect and that they'll be there for a long time. I encourage you, however, to think of your first home as your first investment property.

If you're saving up to get your first dream home, it might be time to buy your first home that's not necessarily your forever home, but one that's a two- or three-year house that you live in and then keep as an investment when you move to your next home. If you keep it as a rental home, someone else pays the rent while you get the equity.

While someone else pays your mortgage, you might also then be in a better position to buy that dream home as your second property. It's something to consider as you shop for your first house.
Think of your first home as an investment property.
Now, not everyone can buy a house without first selling their current home. In the short-term, it could make more options for you during your home buying process.

If you have any questions about buying your first home or about owning property as an investment, don't hesitate to give us a call or send us an email. We'd love to help you!