Tuesday, August 28, 2007

Over-valued real estate #3 - Alburquerque, New Mexico

Things don’t look so bad in Alburquerque, New Mexico. Real Estate prices are only slightly above trend. Prices only need to fall by about 15 percent to return to their long run trend growth. Typically, homeowners in Alburquerque can expect a 0.75 per quarter increase in the value of their homes, or about 3 percent a year.

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