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

Just Hit The Market Albuquerque Listings

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New
8501 Hannett Avenue Ne, Albuquerque

$395,000

8501 Hannett Avenue Ne, Albuquerque

3 Beds 2 Baths 2,050 SqFt Residential MLS® # 1078409

Bonita Ulibarri Realty LLC

New
10416 Griffon Drive Nw, Albuquerque

$410,000

10416 Griffon Drive Nw, Albuquerque

5 Beds 3 Baths 2,374 SqFt Residential MLS® # 1078407

Vista Encantada Realtors, LLC

New
820 & 822 Lewis Avenue Sw, Albuquerque

$120,000

820 & 822 Lewis Avenue Sw, Albuquerque

0 Beds 0 Baths 900 SqFt Residential MLS® # 1078404

Coldwell Banker Legacy

New
5404 Cimarron Road Nw, Albuquerque

$344,990

5404 Cimarron Road Nw, Albuquerque

3 Beds 2 Baths 1,766 SqFt Residential MLS® # 1078399

Red Fox Realty

New
2201 Gandert Avenue Se, Albuquerque

$469,000

2201 Gandert Avenue Se, Albuquerque

3 Beds 3 Baths 2,390 SqFt Residential MLS® # 1078397

Realty One Group Concierge

New
4113 Hendrix Road Ne, Albuquerque

$354,900

4113 Hendrix Road Ne, Albuquerque

3 Beds 2 Baths 1,942 SqFt Residential MLS® # 1078393

Simply Real Estate

New
5004 W West Lea Drive Sw, Albuquerque

$349,900

5004 W West Lea Drive Sw, Albuquerque

3 Beds 3 Baths 2,030 SqFt Residential MLS® # 1078389

Martinez Realty

New
11504 Isle Royale Road Se, Albuquerque

$495,000

11504 Isle Royale Road Se, Albuquerque

4 Beds 3 Baths 2,342 SqFt Residential MLS® # 1078386

Casa Con Vista, LLC

New
5157 Glenwood Pointe Lane Ne, Albuquerque

$319,900

5157 Glenwood Pointe Lane Ne, Albuquerque

3 Beds 3 Baths 1,843 SqFt Residential MLS® # 1078385

Berkshire Hathaway NM Prop

New
3006 3rd Street Nw, Albuquerque

$175,000

3006 3rd Street Nw, Albuquerque

2 Beds 1 Bath 1,530 SqFt Residential MLS® # 1078383

PS Properties

New
8304 Camino Del Venado Nw, Albuquerque

$415,000

8304 Camino Del Venado Nw, Albuquerque

4 Beds 2 Baths 2,388 SqFt Residential MLS® # 1078382

Realty One of New Mexico

New
7721 Jacobo Drive Ne, Albuquerque

$515,000

7721 Jacobo Drive Ne, Albuquerque

4 Beds 3 Baths 2,341 SqFt Residential MLS® # 1078377

Q Realty

New
12445 Morrow Avenue Ne, Albuquerque

$530,000

12445 Morrow Avenue Ne, Albuquerque

4 Beds 3 Baths 2,601 SqFt Residential MLS® # 1078096

Realty One Group Concierge

New
5134 Saratoga Place Nw, Albuquerque

$344,900

5134 Saratoga Place Nw, Albuquerque

3 Beds 2 Baths 1,565 SqFt Residential MLS® # 1078187

Realty One of New Mexico

New
716 Carlisle Boulevard Se, Albuquerque

$468,000

716 Carlisle Boulevard Se, Albuquerque

3 Beds 3 Baths 2,348 SqFt Residential MLS® # 1078374

Vista Encantada Realtors, LLC

New
3427 Yellow Pine Lane Sw, Albuquerque

$315,000

3427 Yellow Pine Lane Sw, Albuquerque

4 Beds 3 Baths 2,062 SqFt Residential MLS® # 1078371

EXP Realty LLC

New
1334 Ojo Feliz Street Sw, Albuquerque

$305,000

1334 Ojo Feliz Street Sw, Albuquerque

4 Beds 3 Baths 1,818 SqFt Residential MLS® # 1078369

Re/Max Exclusive

New
2700 Vista Grande Drive Nw 34, Albuquerque

$297,000

2700 Vista Grande Drive Nw 34, Albuquerque

2 Beds 3 Baths 1,155 SqFt Residential MLS® # 1078367

Keller Williams Realty

New
11001 Alta Drive Nw, Albuquerque

$550,000

11001 Alta Drive Nw, Albuquerque

4 Beds 3 Baths 2,680 SqFt Residential MLS® # 1078354

Realty One Group Concierge

New
4829 Southern Avenue Se, Albuquerque

$392,000

4829 Southern Avenue Se, Albuquerque

3 Beds 2 Baths 1,507 SqFt Residential MLS® # 1078353

Real Broker, LLC

New
9252 Bear Lake Way Nw, Albuquerque

$474,000

9252 Bear Lake Way Nw, Albuquerque

2 Beds 2 Baths 1,665 SqFt Residential MLS® # 1078351

ERA Summit

New
1827 Shadowcast Drive Sw, Albuquerque

$258,000

1827 Shadowcast Drive Sw, Albuquerque

3 Beds 2 Baths 1,031 SqFt Residential MLS® # 1078349

Coldwell Banker Legacy

New
9718 Toltec Road Ne, Albuquerque

$341,000

9718 Toltec Road Ne, Albuquerque

3 Beds 2 Baths 1,629 SqFt Residential MLS® # 1078347

Opendoor Brokerage, LLC

New
6200 Vista Sierra Street Nw, Albuquerque

$289,000

6200 Vista Sierra Street Nw, Albuquerque

3 Beds 2 Baths 1,004 SqFt Residential MLS® # 1078339

RE/MAX SELECT

New
5036 Mirador Dr. Nw, Albuquerque

$327,000

↓ $3,000,000

5036 Mirador Dr. Nw, Albuquerque

3 Beds 2 Baths 1,629 SqFt Residential MLS® # 1078338

Re/Max Alliance, REALTORS

New
1400 Bryn Mawr Drive Ne, Albuquerque

$585,000

1400 Bryn Mawr Drive Ne, Albuquerque

4 Beds 3 Baths 2,368 SqFt Residential MLS® # 1078336

Keller Williams Realty

New
2121 Valencia Drive Ne, Albuquerque

$325,000

2121 Valencia Drive Ne, Albuquerque

3 Beds 1 Bath 1,203 SqFt Residential MLS® # 1078334

Platinum Realty Group

New
10200 2nd Street Nw Tr#61, Albuquerque

$150,000

10200 2nd Street Nw Tr#61, Albuquerque

3 Beds 2 Baths 1,728 SqFt Residential MLS® # 1078332

The M Real Estate Group

New
11408 San Victorio Avenue Ne, Albuquerque

$575,000

11408 San Victorio Avenue Ne, Albuquerque

4 Beds 3 Baths 2,414 SqFt Residential MLS® # 1078328

Coldwell Banker Legacy

New
716 Horseshoe Trail Se, Albuquerque

$75,000

716 Horseshoe Trail Se, Albuquerque

3 Beds 2 Baths 1,440 SqFt Residential MLS® # 1078327

Elite Homes Realty

New
7112 Pan American Freeway Ne 343, Albuquerque

$35,000

7112 Pan American Freeway Ne 343, Albuquerque

2 Beds 2 Baths 1,008 SqFt Residential MLS® # 1078326

LPT Realty

New
2811 Tramway Circle Ne, Albuquerque

$550,000

2811 Tramway Circle Ne, Albuquerque

3 Beds 2 Baths 1,876 SqFt Residential MLS® # 1078325

Coldwell Banker Legacy

New
9444 Thornton Avenue Ne, Albuquerque

$499,900

9444 Thornton Avenue Ne, Albuquerque

3 Beds 2 Baths 1,996 SqFt Residential MLS® # 1078324

Re/Max Alliance, REALTORS

New
4336 Marna Lynn Avenue Nw, Albuquerque

$455,000

4336 Marna Lynn Avenue Nw, Albuquerque

3 Beds 2 Baths 2,057 SqFt Residential MLS® # 1078322

Realty One of New Mexico

New
13224 Silver Peak Place Ne, Albuquerque

$589,000

13224 Silver Peak Place Ne, Albuquerque

3 Beds 3 Baths 2,060 SqFt Residential MLS® # 1078316

RE/MAX SELECT

New
2317 Valencia Drive Ne, Albuquerque

$252,000

2317 Valencia Drive Ne, Albuquerque

2 Beds 1 Bath 936 SqFt Residential MLS® # 1078315

Realty One of New Mexico

New
415 Coal Avenue Sw, Albuquerque

$685,000

415 Coal Avenue Sw, Albuquerque

6 Beds 3 Baths 2,924 SqFt Residential MLS® # 1078314

Keller Williams Realty

New
7400 Winans Drive Ne, Albuquerque

$365,000

7400 Winans Drive Ne, Albuquerque

3 Beds 2 Baths 1,442 SqFt Residential MLS® # 1078312

Absolute Investment Realty

New
12928 El Vado Avenue Ne, Albuquerque

$465,000

12928 El Vado Avenue Ne, Albuquerque

4 Beds 3 Baths 1,948 SqFt Residential MLS® # 1078311

The M Real Estate Group

New
3845 Montgomery Boulevard Ne 938, Albuquerque

$124,900

3845 Montgomery Boulevard Ne 938, Albuquerque

1 Bed 1 Bath 763 SqFt Residential MLS® # 1078310

Keller Williams Realty

New
8 Camino El Alto Ne, Albuquerque

$318,000

8 Camino El Alto Ne, Albuquerque

3 Beds 1 Bath 1,401 SqFt Residential MLS® # 1078302

Coldwell Banker Legacy

New
12828 Donette Court Ne, Albuquerque

$325,000

12828 Donette Court Ne, Albuquerque

2 Beds 2 Baths 1,328 SqFt Residential MLS® # 1078301

Realty One of New Mexico

New
300 Sesame Street Sw, Albuquerque

$249,900

300 Sesame Street Sw, Albuquerque

3 Beds 2 Baths 1,374 SqFt Residential MLS® # 1078299

Realty One of New Mexico

New
1505 Wyoming Boulevard Ne, Albuquerque

$285,000

1505 Wyoming Boulevard Ne, Albuquerque

3 Beds 2 Baths 1,331 SqFt Residential MLS® # 1078298

Keller Williams Realty

New
10132 Gutierrez Road Ne, Albuquerque

$275,000

10132 Gutierrez Road Ne, Albuquerque

3 Beds 3 Baths 1,355 SqFt Residential MLS® # 1078296

Coldwell Banker Legacy

New
4823 Idlewilde Lane Se, Albuquerque

$325,000

4823 Idlewilde Lane Se, Albuquerque

3 Beds 2 Baths 1,278 SqFt Residential MLS® # 1078294

Coldwell Banker Legacy

424 Tennessee Street Se, Albuquerque

$149,900

424 Tennessee Street Se, Albuquerque

3 Beds 2 Baths 1,695 SqFt Residential MLS® # 1076825

EXP Realty LLC

New
9608 Bolack Drive Ne, Albuquerque

$750,000

9608 Bolack Drive Ne, Albuquerque

4 Beds 3 Baths 3,143 SqFt Residential MLS® # 1078278

Coldwell Banker Legacy

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