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
2818 Madeira Drive, Albuquerque

$317,000

2818 Madeira Drive, Albuquerque

3 Beds 3 Baths 1,697 SqFt Residential MLS® # 1060987

HomeSmart Realty Pros

New
12905 Tierra Montanosa Court Ne, Albuquerque

$695,000

12905 Tierra Montanosa Court Ne, Albuquerque

4 Beds 3 Baths 3,060 SqFt Residential MLS® # 1061000

Realty One of New Mexico

New
1195 Bobcat Boulevard Ne, Albuquerque

$879,000

1195 Bobcat Boulevard Ne, Albuquerque

4 Beds 3 Baths 3,530 SqFt Residential MLS® # 1060942

Lucky Dog Realty, LLC

New
11917 Oryx Place Ne, Albuquerque

$575,000

11917 Oryx Place Ne, Albuquerque

3 Beds 3 Baths 1,838 SqFt Residential MLS® # 1060966

Coldwell Banker Legacy

New
1515 Phoenix Avenue Nw, Albuquerque

$450,000

1515 Phoenix Avenue Nw, Albuquerque

4 Beds 3 Baths 2,032 SqFt Residential MLS® # 1060959

Keller Williams Realty

New
6147 Park S Place Nw, Albuquerque

$285,000

6147 Park S Place Nw, Albuquerque

3 Beds 2 Baths 1,164 SqFt Residential MLS® # 1060983

Realty One of New Mexico

New
10015 Nacimiento Street Nw, Albuquerque

$360,000

10015 Nacimiento Street Nw, Albuquerque

3 Beds 3 Baths 1,904 SqFt Residential MLS® # 1060982

Berkshire Hathaway Home Svc NM

New
7208 Carriveau Avenue Ne, Albuquerque

$445,000

7208 Carriveau Avenue Ne, Albuquerque

3 Beds 2 Baths 2,087 SqFt Residential MLS® # 1060914

Keller Williams Realty

New
6704 Beck Drive Ne, Albuquerque

$440,000

6704 Beck Drive Ne, Albuquerque

4 Beds 3 Baths 2,449 SqFt Residential MLS® # 1060877

AdVance Realty

New
7112 Pan American East Fwy Ne 100, Albuquerque

$125,000

7112 Pan American East Fwy Ne 100, Albuquerque

3 Beds 2 Baths 1,306 SqFt Residential MLS® # 1060783

Superior Realty

New
4900 Creek Place Nw, Albuquerque

$439,000

4900 Creek Place Nw, Albuquerque

3 Beds 2 Baths 2,797 SqFt Residential MLS® # 1060795

Realty One of New Mexico

New
5809 Nugget Avenue Ne, Albuquerque

$509,000

5809 Nugget Avenue Ne, Albuquerque

4 Beds 3 Baths 2,446 SqFt Residential MLS® # 1060729

Realty One of New Mexico

New
3559 Colorado Street Ne, Albuquerque

$490,000

3559 Colorado Street Ne, Albuquerque

4 Beds 2 Baths 2,052 SqFt Residential MLS® # 1060723

Realty One of New Mexico

New
13207 Mountain Place Ne, Albuquerque

$564,761

13207 Mountain Place Ne, Albuquerque

2 Beds 1 Bath 3,152 SqFt Residential Income MLS® # 1060957

NM Apartment Advisors, Inc.

New
1812 Cooke Canyon Drive Nw, Albuquerque

$435,000

1812 Cooke Canyon Drive Nw, Albuquerque

2 Beds 2 Baths 2,047 SqFt Residential MLS® # 1060991

Coldwell Banker Legacy

New
1020 Brazos Place Se, Albuquerque

$720,000

1020 Brazos Place Se, Albuquerque

5 Beds 3 Baths 3,715 SqFt Residential MLS® # 1060149

Keller Williams Realty

New
1623 Barbaro Drive Se, Albuquerque

$515,000

1623 Barbaro Drive Se, Albuquerque

5 Beds 4 Baths 3,081 SqFt Residential MLS® # 1060997

360 Ventures Real Estate

New
7312 Copper Avenue Ne, Albuquerque

$125,000

7312 Copper Avenue Ne, Albuquerque

0 Beds 0 Baths 0 SqFt Land MLS® # 1060992

EXP Realty LLC

New
6700 Boca Negra Place Nw, Albuquerque

$382,000

6700 Boca Negra Place Nw, Albuquerque

3 Beds 3 Baths 1,941 SqFt Residential MLS® # 1060990

Realty One of New Mexico

New
4009 Delamar Avenue Ne, Albuquerque

$315,000

4009 Delamar Avenue Ne, Albuquerque

3 Beds 2 Baths 1,309 SqFt Residential MLS® # 1060986

Keller Williams Realty

New
4701 New Cave Road Nw, Albuquerque

$456,750

4701 New Cave Road Nw, Albuquerque

5 Beds 3 Baths 2,631 SqFt Residential MLS® # 1060985

Berkshire Hathaway NM Prop

New
10305 Paseo Del Norte Nw, Albuquerque

$354,900

10305 Paseo Del Norte Nw, Albuquerque

4 Beds 2 Baths 2,025 SqFt Residential MLS® # 1060984

Vista Encantada Realtors, LLC

New
13501 Embudito View Court Ne, Albuquerque

$1,150,000

13501 Embudito View Court Ne, Albuquerque

4 Beds 4 Baths 3,393 SqFt Residential MLS® # 1060850

K2 Omni Group

New
965 Barkwell Drive Sw, Albuquerque

$318,900

965 Barkwell Drive Sw, Albuquerque

3 Beds 2 Baths 1,148 SqFt Residential MLS® # 1060976

LGI Homes

New
222 Princeton Drive Se, Albuquerque

$525,000

222 Princeton Drive Se, Albuquerque

1 Bed 1 Bath 0 SqFt Residential Income MLS® # 1060975

Realty One of New Mexico

New
2801 Florida Street Ne, Albuquerque

$459,000

2801 Florida Street Ne, Albuquerque

3 Beds 2 Baths 1,634 SqFt Residential MLS® # 1060974

CoyoteABQ

New
6912 Brindisi Place Nw, Albuquerque

$360,000

6912 Brindisi Place Nw, Albuquerque

3 Beds 3 Baths 2,004 SqFt Residential MLS® # 1060971

Town and Country Diversified R

New
425 Hermosa Drive Se, Albuquerque

$580,000

425 Hermosa Drive Se, Albuquerque

3 Beds 2 Baths 1,743 SqFt Residential MLS® # 1060965

Coldwell Banker Legacy

New
6340 Camino De Paz Nw, Albuquerque

$585,000

6340 Camino De Paz Nw, Albuquerque

3 Beds 3 Baths 2,560 SqFt Residential MLS® # 1060962

Capstone Realty, LLC

New
6116 Purple Aster Lane Ne, Albuquerque

$650,000

6116 Purple Aster Lane Ne, Albuquerque

3 Beds 3 Baths 2,077 SqFt Residential MLS® # 1060958

Coldwell Banker Legacy

New
10021 Lagrima De Oro Road Ne, Albuquerque

$379,000

10021 Lagrima De Oro Road Ne, Albuquerque

3 Beds 3 Baths 2,057 SqFt Residential MLS® # 1060955

Realty One of New Mexico

New
1720 Valdez Drive Ne, Albuquerque

$650,000

1720 Valdez Drive Ne, Albuquerque

4 Beds 3 Baths 3,218 SqFt Residential MLS® # 1060941

Keller Williams Realty

New
9109 Timber Ridge Road Nw, Albuquerque

$515,000

9109 Timber Ridge Road Nw, Albuquerque

5 Beds 3 Baths 2,536 SqFt Residential MLS® # 1060938

Keller Williams Realty

New
222 Girard Boulevard Se, Albuquerque

$210,000

222 Girard Boulevard Se, Albuquerque

2 Beds 1 Bath 1,048 SqFt Residential MLS® # 1060932

Helix Real Estate Group

New
224 Osuna Road Nw, Albuquerque

$594,945

224 Osuna Road Nw, Albuquerque

2 Beds 1 Bath 3,400 SqFt Residential Income MLS® # 1060930

NM Apartment Advisors, Inc.

New
6448 Duero Place Nw Place Nw, Albuquerque

$375,000

6448 Duero Place Nw Place Nw, Albuquerque

5 Beds 3 Baths 2,346 SqFt Residential MLS® # 1060928

RE/MAX SELECT

New
7532 Rosette Drive Nw, Albuquerque

$428,000

7532 Rosette Drive Nw, Albuquerque

4 Beds 3 Baths 2,131 SqFt Residential MLS® # 1060916

Keller Williams Realty

New
9532 Bent Road Ne, Albuquerque

$350,000

9532 Bent Road Ne, Albuquerque

2 Beds 2 Baths 1,524 SqFt Residential MLS® # 1060924

Sandia Peak Realty

New
12216 Lexington Avenue Ne, Albuquerque

$550,000

12216 Lexington Avenue Ne, Albuquerque

4 Beds 2 Baths 2,532 SqFt Residential MLS® # 1060855

Coldwell Banker Legacy

New
7608 Eagle Avenue Nw, Albuquerque

$350,000

7608 Eagle Avenue Nw, Albuquerque

3 Beds 3 Baths 1,855 SqFt Residential MLS® # 1060786

Mercury Properties

New
2316 Dora Avenue Nw, Albuquerque

$239,900

2316 Dora Avenue Nw, Albuquerque

1 Bed 1 Bath 700 SqFt Residential MLS® # 1060752

The Lovely Home Company

New
936 W Sky Street Sw, Albuquerque

$245,000

936 W Sky Street Sw, Albuquerque

2 Beds 2 Baths 950 SqFt Residential MLS® # 1060920

EXP Realty LLC

New
9801 Eldridge Road Nw, Albuquerque

$560,000

9801 Eldridge Road Nw, Albuquerque

4 Beds 2 Baths 1,997 SqFt Residential MLS® # 1060909

EXP Realty LLC

New
2136 Paseo Del Prado Nw, Albuquerque

$424,900

2136 Paseo Del Prado Nw, Albuquerque

3 Beds 2 Baths 1,945 SqFt Residential MLS® # 1060899

Berkshire Hathaway Home Svc NM

New
340 Pennsylvania Street Ne D, Albuquerque

$850

340 Pennsylvania Street Ne D, Albuquerque

2 Beds 1 Bath 800 SqFt Residential Lease MLS® # 1060895

Elevated Management Group LLC

New
402 & 404 Cornell Drive Se 1-12, Albuquerque

$1,300,000

402 & 404 Cornell Drive Se 1-12, Albuquerque

2 Beds 1 Bath 8,432 SqFt Residential Income MLS® # 1060894

Brokerage of New Mexico

New
4520 N Harpers Ferry Ct Nw, Albuquerque

$424,900

4520 N Harpers Ferry Ct Nw, Albuquerque

4 Beds 3 Baths 2,582 SqFt Residential MLS® # 1060893

Realty One Group Concierge

New
5101 Crestview Place Sw, Albuquerque

$240,000

5101 Crestview Place Sw, Albuquerque

2 Beds 2 Baths 1,653 SqFt Residential MLS® # 1060891

Hunter Chase Realty

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