The latest issue of Smart Money Magazine claims that the Albuquerque real estate market is the top position of a list cities poised to rebound from the curent housing market.
In Albuquerque, the number homes for sale has leveled off, but it’s not yet time for the rampant “buy and flip” quick buck mentality of a few years back. It’s still a super time to be a buyer, with home prices softer than your momma’s couch, but don’t expect to flip homes for a profit in the short term.
Smart Money magazine seems to think Albuquerque is going to see an increase in sales price rather than a decrease.
For the record, Smart Money magazine is based out of New York City, not the Duke city, so lest you think there is some sort of municipal nepotism going on, odds are slim to none.
