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

Sort by:
New
12105 Badger Moutain Trail Nw, Albuquerque

$415,000

12105 Badger Moutain Trail Nw, Albuquerque

3 Beds 2 Baths 1,784 SqFt Residential MLS® # 1085797

HomeSmart Realty Pros

New
7001 Beck Drive Ne, Albuquerque

$410,000

7001 Beck Drive Ne, Albuquerque

3 Beds 2 Baths 1,575 SqFt Residential MLS® # 1085794

Keller Williams Realty

New
5400 Camino Montano Ne, Albuquerque

$400,000

5400 Camino Montano Ne, Albuquerque

3 Beds 2 Baths 1,768 SqFt Residential MLS® # 1085787

Q Realty

New
3615 Calle Del Sol Ne, Albuquerque

$450,000

3615 Calle Del Sol Ne, Albuquerque

3 Beds 2 Baths 2,045 SqFt Residential MLS® # 1085786

Coldwell Banker Legacy

New
10017 Boulder Street Nw, Albuquerque

$345,000

10017 Boulder Street Nw, Albuquerque

4 Beds 2 Baths 1,844 SqFt Residential MLS® # 1085385

Welcome Home Realty

New
10644 Fountain Court Nw, Albuquerque

$475,000

10644 Fountain Court Nw, Albuquerque

5 Beds 3 Baths 3,208 SqFt Residential MLS® # 1085697

Coldwell Banker Legacy

New
10204 Mogollon Drive Nw, Albuquerque

$365,000

10204 Mogollon Drive Nw, Albuquerque

3 Beds 3 Baths 1,854 SqFt Residential MLS® # 1085751

RE/MAX ELEVATE

New
10323 Oso Redondo Ne, Albuquerque

$365,000

10323 Oso Redondo Ne, Albuquerque

3 Beds 2 Baths 1,217 SqFt Residential MLS® # 1085775

Simply Real Estate

New
2500 Thompson Road Nw, Albuquerque

$275,000

2500 Thompson Road Nw, Albuquerque

2 Beds 1 Bath 1,914 SqFt Residential MLS® # 1085761

Realty Executives Advantage

New
840 110th Street Sw, Albuquerque

$285,000

840 110th Street Sw, Albuquerque

3 Beds 2 Baths 1,434 SqFt Residential MLS® # 1085712

Myers & Myers Real Estate, Inc

New
6703 Kelly Ann Road Ne, Albuquerque

$390,000

6703 Kelly Ann Road Ne, Albuquerque

3 Beds 2 Baths 1,771 SqFt Residential MLS® # 1085705

Sotheby's International Realty

New
11416 Fairington Way Ne, Albuquerque

$700,000

11416 Fairington Way Ne, Albuquerque

4 Beds 4 Baths 3,168 SqFt Residential MLS® # 1085693

Coldwell Banker Legacy

New
937 Solar Road Nw, Albuquerque

$1,100,000

937 Solar Road Nw, Albuquerque

5 Beds 7 Baths 4,509 SqFt Residential MLS® # 1085671

ERA Summit

New
12221 Papaya Court Ne, Albuquerque

$689,500

12221 Papaya Court Ne, Albuquerque

3 Beds 2 Baths 2,224 SqFt Residential MLS® # 1085568

Coldwell Banker Legacy

New
8320 River Street Ne, Albuquerque

$245,000

8320 River Street Ne, Albuquerque

3 Beds 2 Baths 1,333 SqFt Residential MLS® # 1085772

Placitas Realty Inc.

New
4632 Homestead Trail Nw, Albuquerque

$380,000

4632 Homestead Trail Nw, Albuquerque

3 Beds 3 Baths 1,784 SqFt Residential MLS® # 1085771

Keller Williams Realty

New
1821 Dartmouth Drive Ne 104, Albuquerque

$225,000

1821 Dartmouth Drive Ne 104, Albuquerque

2 Beds 1 Bath 945 SqFt Residential MLS® # 1085770

Equity Real Estate

New
9243 Del Webb Lane Nw, Albuquerque

$650,000

9243 Del Webb Lane Nw, Albuquerque

2 Beds 2 Baths 2,155 SqFt Residential MLS® # 1085754

The Maez Group

New
3031 Aaron Court Sw, Albuquerque

$160,000

3031 Aaron Court Sw, Albuquerque

1 Bed 1 Bath 1,452 SqFt Residential MLS® # 1085744

Congress Realty, Inc

New
9200 Lagrima De Oro Road Ne, Albuquerque

$400,000

9200 Lagrima De Oro Road Ne, Albuquerque

5 Beds 3 Baths 1,960 SqFt Residential MLS® # 1085739

Coldwell Banker Legacy

New
1214 Blue Quail Road Ne, Albuquerque

$399,000

1214 Blue Quail Road Ne, Albuquerque

3 Beds 2 Baths 1,805 SqFt Residential MLS® # 1085737

Coldwell Banker Legacy

New
2704 Ghost Ranch Street Sw, Albuquerque

$310,000

2704 Ghost Ranch Street Sw, Albuquerque

3 Beds 2 Baths 1,411 SqFt Residential MLS® # 1085729

Emerald Realty of New Mexico

New
320 Vista Del Angel Sw, Albuquerque

$265,000

320 Vista Del Angel Sw, Albuquerque

2 Beds 2 Baths 1,068 SqFt Residential MLS® # 1085644

Coldwell Banker Legacy

New
804 Hackberry Trail Se, Albuquerque

$355,000

804 Hackberry Trail Se, Albuquerque

3 Beds 2 Baths 1,307 SqFt Residential MLS® # 1084969

Coldwell Banker Legacy

New
722 Sunset Road Sw, Albuquerque

$225,000

722 Sunset Road Sw, Albuquerque

3 Beds 2 Baths 1,625 SqFt Residential MLS® # 1085723

Re/Max Alliance, REALTORS

New
1917 Monte Largo Drive Ne, Albuquerque

$685,000

1917 Monte Largo Drive Ne, Albuquerque

5 Beds 4 Baths 3,456 SqFt Residential MLS® # 1085716

Berkshire Hathaway NM Prop

New
8717 Sevano Circle Ne, Albuquerque

$825,000

8717 Sevano Circle Ne, Albuquerque

5 Beds 3 Baths 3,405 SqFt Residential MLS® # 1085714

Coldwell Banker Legacy

New
601 Menaul Boulevard Ne 305, Albuquerque

$335,000

601 Menaul Boulevard Ne 305, Albuquerque

4 Beds 3 Baths 1,904 SqFt Residential MLS® # 1085708

Keller Williams Realty

New
4613 Sunningdale Avenue Ne, Albuquerque

$642,000

4613 Sunningdale Avenue Ne, Albuquerque

3 Beds 2 Baths 2,246 SqFt Residential MLS® # 1085704

RE/MAX SELECT

New
2837 Hermosa Drive Ne, Albuquerque

$149,900

2837 Hermosa Drive Ne, Albuquerque

2 Beds 1 Bath 850 SqFt Residential MLS® # 1085702

Yellowstone Realty Group

New
10507 San Marino Road Ne, Albuquerque

$393,000

10507 San Marino Road Ne, Albuquerque

4 Beds 2 Baths 1,880 SqFt Residential MLS® # 1085700

Keller Williams Realty

New
2212 O'keeffe Street Se, Albuquerque

$608,164

2212 O'keeffe Street Se, Albuquerque

4 Beds 3 Baths 2,586 SqFt Residential MLS® # 1085698

Westway Realty

New
12304 Casa Grande Avenue Ne, Albuquerque

$399,000

12304 Casa Grande Avenue Ne, Albuquerque

3 Beds 3 Baths 2,163 SqFt Residential MLS® # 1085696

Equity Real Estate

New
1417 Wagon Train Drive Se, Albuquerque

$445,000

1417 Wagon Train Drive Se, Albuquerque

3 Beds 3 Baths 2,680 SqFt Residential MLS® # 1085695

Coldwell Banker Legacy

New
7939 Independence Drive Nw, Albuquerque

$330,000

7939 Independence Drive Nw, Albuquerque

2 Beds 2 Baths 1,272 SqFt Residential MLS® # 1085672

NM Property Brokers LLC

New
220 Flip Lane Sw, Albuquerque

$275,000

220 Flip Lane Sw, Albuquerque

4 Beds 2 Baths 1,656 SqFt Residential MLS® # 1085680

ABQ Premiere Properties

New
14 Plaza Olas Altos Ne, Albuquerque

$260,000

14 Plaza Olas Altos Ne, Albuquerque

2 Beds 3 Baths 1,414 SqFt Residential MLS® # 1085679

Coldwell Banker Legacy

New
10039 Andrews Avenue Sw, Albuquerque

$320,000

10039 Andrews Avenue Sw, Albuquerque

3 Beds 2 Baths 1,552 SqFt Residential MLS® # 1085658

Coldwell Banker Legacy

New
1910 Quail Run Road Ne, Albuquerque

$449,000

1910 Quail Run Road Ne, Albuquerque

3 Beds 2 Baths 1,573 SqFt Residential MLS® # 1085532

RE/MAX SELECT

New
2800 Vail Avenue Se 120, Albuquerque

$125,000

2800 Vail Avenue Se 120, Albuquerque

1 Bed 1 Bath 590 SqFt Residential MLS® # 1085101

Lindsey Land & Home

New
8506 Las Camas Road Ne, Albuquerque

$355,000

8506 Las Camas Road Ne, Albuquerque

3 Beds 2 Baths 1,573 SqFt Residential MLS® # 1085678

All In Realty LLC

New
415 Avital Drive Ne, Albuquerque

$400,000

415 Avital Drive Ne, Albuquerque

3 Beds 3 Baths 2,131 SqFt Residential MLS® # 1085674

Criel and Associates, LLC

New
6011 Hubbell Circle Sw, Albuquerque

$399,900

6011 Hubbell Circle Sw, Albuquerque

3 Beds 2 Baths 3,720 SqFt Residential MLS® # 1085665

Home Experts Real Estate

New
5309 Jessie Drive Ne, Albuquerque

$340,000

5309 Jessie Drive Ne, Albuquerque

3 Beds 2 Baths 1,772 SqFt Residential MLS® # 1085664

Keller Williams Realty

New
1524 Arno Street Se, Albuquerque

$150,000

1524 Arno Street Se, Albuquerque

3 Beds 1 Bath 1,500 SqFt Residential MLS® # 1085655

Endeavor Realty

New
720 Tramway Lane Ne 24, Albuquerque

$475,000

720 Tramway Lane Ne 24, Albuquerque

3 Beds 3 Baths 1,747 SqFt Residential MLS® # 1085651

Coldwell Banker Legacy

New
3105 Christine Street Ne, Albuquerque

$298,000

3105 Christine Street Ne, Albuquerque

3 Beds 2 Baths 1,337 SqFt Residential MLS® # 1085649

Berkshire Hathaway NM Prop

New
111 Columbia Drive Se, Albuquerque

$335,000

111 Columbia Drive Se, Albuquerque

3 Beds 1 Bath 1,215 SqFt Residential MLS® # 1085643

Realty One of New Mexico

CONTACT US (505) 886-1432

Provide a valid email address.
Newsletter consent

Posted by Carlos Martinez on
Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.