Is the Albuquerque, NM Housing Bubble About to Burst?

Abstract

Over the past year, housing values in Albuquerque, NM have shot up, increasing $44K compared to August 2021. With interest rates on the rise, we're seeing a cooling in the prices and home buyers are becoming increasingly hesitant to make the purchase. The housing market feels unstable and many buyers are stepping back, hoping that the interest rates will decrease within the next year. Some wonder if the housing bubble will burst and want to wait for dramatic decreases in home prices. While I understand the reluctance, interest rates will continue to rise and shortages in inventory will continue. The market may be experiencing more balance between buyers and sellers, but it is far from bursting. Let's dive into what we're seeing nationwide before we Continued The post Is the Albuquerque, NM Housing Bubble About to Burst? appeared first on FastExpert.