Albuquerque is ranked 3rd in the nation by Fortune Magazine in it's top 10 places to own real estate. The report, with analysis provided by Moody's and Fiserv Lending Solutions highlights top markets where real estate values are expected to rise in 2007 and 2008.
Albuquerque's market is fueled by a steady job growth and the number of consistent government jobs in the area. While other markets tend to roller coaster with meteoric highs and lows Albuquerque is expected to see home values increase by 5.9% in 2007.
Albuquerque with a median home price of $179,620 and 4900 homes on the market appears to be a good place to buy for the long term.