Are You Waiting For Prices to Drop?

Posted by NMWelcomeHome Team Associates (505) 886-1432 on Friday, August 24th, 2018 at 10:42am.

We all keep hearing the same thing, the market is going to slow or have a correction in the near future. While that may be true a complete market crash is not likely and prices will most likely hold steady or decrease slightly even as interest rates continue to climb.

We know rate will go up (it has to) but if you are waiting for the prices to drop you may be taking the wrong course. Take a look at our example below...

200K @ 4.5% = Payment of $1013*.  Loan cost over 30 years $364,813

178K @ 5.5% = Payment of $1010*.  Loan cost over 30 years $388,367 (21% drop in price to maintain similar payment)

Rate has everything to do with cost over time. This example assumes a price drop of 10% which is not likely...so in the end it waiting could cost you A LOT MORE!

Payment example of principal and interest only.

HOT NEW LISTINGS

Price, Highest First
65 Properties Found.
Page 1 of 2
Photo of Listing #929176

3200 Santa Clara Avenue Se

$765,000

Albuquerque, NM
5 Bed, 5 Bath, 4985 Sqft, 0.45 Acres
Residential

Photo of Listing #928844

318 Big Horn Ridge Ne

$600,000

Albuquerque, NM
3 Bed, 4 Bath, 3100 Sqft, 0.69 Acres
Residential

Photo of Listing #929152

7921 San Diego Avenue Ne

$564,900

Albuquerque, NM
3 Bed, 4 Bath, 2541 Sqft, 0.89 Acres
Residential

Photo of Listing #929211

12032 Caribou Avenue Ne

$530,000

Albuquerque, NM
4 Bed, 3 Bath, 2788 Sqft, 0.15 Acres
Residential

Photo of Listing #929237

10008 Petra Court Ne

$525,000

Albuquerque, NM
4 Bed, 3 Bath, 3423 Sqft, 0.2 Acres
Residential

Photo of Listing #929265

1301 Avenida Manana Ne

$499,950

Albuquerque, NM
3 Bed, 3 Bath, 2766 Sqft, 0.29 Acres
Residential

Photo of Listing #929250

13103 Bluemist Lane Ne

$469,900

Albuquerque, NM
3 Bed, 2 Bath, 1809 Sqft, 0.1 Acres
Residential

Photo of Listing #929179

2312 Granite Mountain Loop Nw

$449,024

Albuquerque, NM
2 Bed, 2 Bath, 2504 Sqft, 0.19 Acres
Residential

Photo of Listing #929065

8419 Chilte Pine Road Nw

$394,000

Albuquerque, NM
4 Bed, 3 Bath, 3081 Sqft, 0.17 Acres
Residential

Photo of Listing #929224

9915 Petra Court Ne

$385,000

Albuquerque, NM
3 Bed, 2 Bath, 2102 Sqft, 0.22 Acres
Residential

Photo of Listing #929288

9405 Las Calabazillas Avenue Ne

$375,000

Albuquerque, NM
4 Bed, 3 Bath, 2963 Sqft, 0.2 Acres
Residential

Photo of Listing #928927

7443 Carson Trail Nw

$375,000

Albuquerque, NM
4 Bed, 3 Bath, 3127 Sqft, 0.17 Acres
Residential

Photo of Listing #929167

9032 Wind Caves Way Nw

$371,724

Albuquerque, NM
2 Bed, 2 Bath, 1811 Sqft, 0.17 Acres
Residential

Photo of Listing #929241

9728 Baby Deena Street Nw

$369,590

Albuquerque, NM
4 Bed, 3 Bath, 2709 Sqft, 0.22 Acres
Residential

Photo of Listing #929204

2916 San Joaquin Avenue Se

$363,000

Albuquerque, NM
4 Bed, 3 Bath, 2600 Sqft, 0.14 Acres
Residential

Photo of Listing #929082

110 Richmond Drive Se 203

$340,000

Albuquerque, NM
2 Bed, 2 Bath, 1104 Sqft, 0.32 Acres
Residential

Photo of Listing #929197

1207 Monroe Court Ne

$337,560

Albuquerque, NM
4 Bed, 3 Bath, 4391 Sqft, 0.12 Acres
Residential

Photo of Listing #929284

3408 Stardust Court Ne

$299,900

Albuquerque, NM
3 Bed, 3 Bath, 2119 Sqft, 0.2 Acres
Residential

Photo of Listing #929158

7105 Alexandria Drive Ne

$299,900

Albuquerque, NM
3 Bed, 4 Bath, 2190 Sqft, 0.07 Acres
Residential

Photo of Listing #929201

211 14th Street Nw

$290,000

Albuquerque, NM
4 Bed, 3 Bath, 3460 Sqft, 0.3 Acres
Residential

Photo of Listing #929240

219 High Street Ne

$289,000

Albuquerque, NM
5 Bed, 2 Bath, 2090 Sqft, 0.16 Acres
Residential

Photo of Listing #929248

12128 Genoa Street Ne

$285,000

Albuquerque, NM
3 Bed, 2 Bath, 1952 Sqft, 0.18 Acres
Residential

Photo of Listing #929260

8218 Delaware Street Ne

$280,000

Albuquerque, NM
3 Bed, 2 Bath, 1931 Sqft, 0.19 Acres
Residential

Photo of Listing #929200

11709 Tracy Court Ne

$274,900

Albuquerque, NM
4 Bed, 2 Bath, 2001 Sqft, 0.19 Acres
Residential

Photo of Listing #929215

937 Santa Ana Avenue Se

$269,900

Albuquerque, NM
4 Bed, 3 Bath, 2924 Sqft, 0.17 Acres
Residential

Photo of Listing #929229

8124 Loma Del Norte Road Ne

$268,000

Albuquerque, NM
3 Bed, 2 Bath, 1700 Sqft, 0.21 Acres
Residential

Photo of Listing #929263

7835 Via Vista Norte Nw

$262,000

Albuquerque, NM
3 Bed, 3 Bath, 2014 Sqft, 0.18 Acres
Residential

Photo of Listing #929183

6300 Mesquite Drive Nw

$260,000

Albuquerque, NM
3 Bed, 2 Bath, 1790 Sqft, 0.19 Acres
Residential

Photo of Listing #929267

7816 Krista Drive Ne

$259,999

Albuquerque, NM
4 Bed, 2 Bath, 2156 Sqft, 0.24 Acres
Residential

Photo of Listing #929150

6419 Santo Domingo Street Nw

$249,900

Albuquerque, NM
3 Bed, 2 Bath, 1951 Sqft, 0.17 Acres
Residential

Photo of Listing #929246

820 Truman Street Ne

$249,000

Albuquerque, NM
3 Bed, 2 Bath, 1454 Sqft, 0.2 Acres
Residential

Photo of Listing #929174

3122 Montclaire Drive Ne

$229,900

Albuquerque, NM
4 Bed, 3 Bath, 2102 Sqft, 0.17 Acres
Residential

Photo of Listing #928893

5101 Atrisco Northwest Place Nw

$227,000

Albuquerque, NM
3 Bed, 2 Bath, 1702 Sqft, 1.15 Acres
Residential

Photo of Listing #929286

801 Utah Street Ne

$215,000

Albuquerque, NM
3 Bed, 2 Bath, 1774 Sqft, 0.21 Acres
Residential

Photo of Listing #928884

5904 Tioga Road Nw

$213,000

Albuquerque, NM
3 Bed, 3 Bath, 1650 Sqft, 0.21 Acres
Residential

Photo of Listing #929227

2110 Indian School Road Nw

$205,000

Albuquerque, NM
4 Bed, 2 Bath, 1736 Sqft, 0.22 Acres
Residential

Photo of Listing #929181

505 Roma Avenue Nw

$200,000

Albuquerque, NM
3 Bed, 2 Bath, 1380 Sqft, 0.06 Acres
Residential

Photo of Listing #929063

6916 Black Pine Place Ne

$199,500

Albuquerque, NM
2 Bed, 2 Bath, 1482 Sqft, 0.07 Acres
Residential

Photo of Listing #929264

408 Rock Creek Park Avenue Ne

$195,000

Albuquerque, NM
2 Bed, 2 Bath, 1508 Sqft, 0.09 Acres
Residential

Photo of Listing #929182

3701 Piermont Drive Ne

$190,000

Albuquerque, NM
3 Bed, 2 Bath, 1491 Sqft, 0.21 Acres
Residential

Photo of Listing #928948

2933 Arizona Place Ne

$190,000

Albuquerque, NM
3 Bed, 2 Bath, 1802 Sqft, 0.1 Acres
Residential

Photo of Listing #929225

8201 Florence Avenue Ne

$189,990

Albuquerque, NM
3 Bed, 2 Bath, 1284 Sqft, 0.15 Acres
Residential

Photo of Listing #929239

2922 Don Pablito Place Sw

$185,000

Albuquerque, NM
3 Bed, 2 Bath, 1600 Sqft, 0.22 Acres
Residential

Photo of Listing #929238

7300 Winslow Place Nw

$180,000

Albuquerque, NM
3 Bed, 2 Bath, 1376 Sqft, 0.16 Acres
Residential

Photo of Listing #929206

2700 Vista Grande Drive Nw Unit 1

$179,000

Albuquerque, NM
3 Bed, 3 Bath, 1690 Sqft, 0.04 Acres
Residential

Photo of Listing #929203

5702 Pinnacle Peak Ct Court Nw

$172,500

Albuquerque, NM
3 Bed, 3 Bath, 1507 Sqft, 0.05 Acres
Residential

Photo of Listing #929277

1015 Chuckar Drive Sw

$169,900

Albuquerque, NM
4 Bed, 2 Bath, 1595 Sqft, 0.15 Acres
Residential

Photo of Listing #929221

1108 Maxine Street Ne

$165,000

Albuquerque, NM
4 Bed, 2 Bath, 1350 Sqft, 0.15 Acres
Residential

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on September 26th, 2018 at 12:43am MDT.