KOAT TV - New Mexico's real estate market is bouncing back according to the Greater Albuquerque Association of Realtors. Record foreclosures and a high number of homes for sale were good for buyers but bad for the real estate market. But that's about to change. The number of homes on the market during the fourth quarter in 2011 was the lowest in five years; good news that more people are buying homes here in Albuquerque. "Until we get through the first quarter, we're not going to know what supply and demand is going to do, but obviously it's lower that it's been in a long time, a positive movement for us, we like to see that," said Mark Guggino of the Greater Albuquerque Association of Realtors. Read full story here: News New Mexico
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