New Year, New Rates

I'm sure you have heard of the recent interest rate increase and the commitment to increase the rate consistently over the next year...

What does this mean for you?

It could me less buying power. As the rate climbs so does your monthly payment and affordability. Home prices will still continue to increase but your buying power will go down or if you choose to buy when the rate is higher, your payment will be higher.

My suggestion is to get out there and start now. A 1% increase in rate can impact your buying power tremendously. See an illustration here.

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^{Real Estate In Albuquerque}

Albuquerque NM Real Estate and Homes for Sale

Albuquerque is divided into four quadrants Northwest, Northeast, Southwest and Southeast. Each area is unique offering homes in a wide variety of styles which include Pueblo style also known as santa fe or flat roof style, brick homes, and traditional ranch style homes. Something for everyone...

Real Estate Statistics

Average Price	$461K
Lowest Price	$26K
Highest Price	$5.8M
Total Listings	1,953
Avg. Days On Market	64
Avg. Price/SQFT	$333

Property Types (active listings)

^{Foreclosure Deals In Albuquerque}

Albuquerque Foreclosure Homes For Sale

Recenlty our Albuquerque real estate market, like all markets around the country have been experiencing a higher volume of Foreclosure's also known as REO, HUD, Bank Owned etc... A home foreclosure represents a great opportunity to buy below market value and gain instant equity. If you are interested in Albuquerque homes and Rio Rancho homes that have been foreclosed on please Contact Us.

Real Estate Statistics

Average Price	$317K
Lowest Price	$128K
Highest Price	$440K
Total Listings	21
Avg. Days On Market	88
Avg. Price/SQFT	$167

Property Types (active listings)

^{High-End Real Estate For Sale}

Luxury Connect NM

We are your luxury home for sale connection here in Albuquerque NM. My team can help you find the most exclusive property whether it be backed to a golf course, Sandia Mountain view, city view, open space, Rio Grande River view or all of the above, we can make it happen!

The luxury real estate market in Albuquerque has a lot to offer and a variety of different home styles and locations. Call us to day at (505) 923-4691