Kim Lightfoot
Kim Lightfoot
(505) 450-4578

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Albuquerque Real Estate with Kim Lightfoot of Keller Williams Realty - Lightfoot Sells

I am a dedicated real estate professional
in Albuquerque, New Mexico
committed to working for YOU!

>> Find your new home in my current house listings! <<

It is a great time to buy in Albuquerque!

It is back to old school tactics in New Mexico real estate. Markets throughout most of the state have slowed even as the economy grows. The national real estate recession is slowly eating away at New Mexico.

That is not to say that New Mexico's housing markets will go bust any time soon. The growing spirit of New Mexico is too strong for a sudden melt down. It is also supported by new businesses moving to the state prompted in part by tax incentives, a less expensive labor market and job growth.

Listings of homes for sale in Albuquerque have increased by 50% slowing the market. Home owners and new home builders are offering incentives to sell their properties. New real estate agents are having to learn how to market properties, a necessity in a business that has changed dramatically with the slower market.

Albuquerque has not gone from boom to bust like other markets in more populated states, but the housing market has progressively slowed from its peak. New Mexico's largest urban center was Housing Predictor's top rated market for appreciation in 2007 at 3.5%.

But the market is making a transition. Home prices are beginning to slide for the first time in years as the mortgage melt down effects the area. Loans are becoming tougher to get, and some perspective home buyers are failing to qualify for financing. It is taking longer for homes to sell.

Home auctions are becoming popular mainly as a way for new home builders and investors to sell properties. The first home auction to be held in Albuquerque by one builder was held a while back. The market will see slower sales in 2008, according to the Housing Predictor forecast, and rack up just mild appreciation compared to last year at 3.5

~ Mike Colpitts, Housing Predictor


Whether you are buying, selling, downsizing or upgrading a home-call me today (505) 450-4578 or e-mail me at Kim@LightfootSells.com! I am a Certified Residential Specialist (CRS), which is the highest Designation awarded to sales associates in the residential sales field. The CRS Designation recognizes professional accomplishments in both experience and education.

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Keller Willliams sold over 2000 homes last year. We are the 2nd largest real estate company in the State of New Mexico. KW is the 4th largest real estate company in USA and Canada. We were the 6th fastest growing company in NM. Click to find out more reasons to use Keller Williams Realty as your Realty of choice.

Kim Lightfoot












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Kim M. Lightfoot
Keller Williams Realty®
9201 Montgomery NE, Bldg 1 Suite 101 • Albuquerque • NM 87111
Direct (505)450-4578 • FAX (505)271-8217 • Mobile (505)450-4578 • Office (505)271-8200
Contact me at Kim@LightfootSells.com