If the greater Albuquerque area was not a destination for many out-of-towners in May, we must conclude that many locals bought new homes for the first time, downsized, or upgraded. In all, 731 detached single family homes sold, compared to 678 in April.
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The Greater Albuquerque Metropolitan real estate market continues to share the experiences (though comparatively less severely) of most other cities acrosss the country. The downturn that began in the 2007 for our region) has led to an increase in foreclosures
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