2022 Albuquerque Real Estate Market Statistics

The median home price for December 2021 through December 2022 rose by an impressive 12.3% from $285,000 to $320,000 in December 2022. Highlighting how great of an opportunity local real estate can be. Unfortunately, however, since then median home prices have dropped by 6%, as high-interest rates deterred many potential home buyers. On top of that, some sellers have been forced to reduce their prices due to homes taking longer than in the previous few years to sell which is a sign that the market may be waning. Taking these factors into consideration, those considering purchasing should take their time and review all available options before making any decisions related to this volatile housing market.

2022 Albuquerque Average Home Prices
The average price of homes for sale in Albuquerque has seen extraordinary growth this year from its average of $330,420 to now $371,791, a remarkable 12.5% increase. This exciting development in the Albuquerque housing market had been described as one of the fastest-growing increases in over 20 years. Yet, as interest rates rise, there are signs that the market is starting to slow down. From May 2022 to December 2022, average home prices have noticeably declined by 7.5%, confirming that indeed the market has been affected and has seen a decrease since its peak. As we look towards 2023, it will be interesting to observe whether average home prices continue to decline or return to their earlier levels of success.

2022 Albuquerque Days On Market
Despite the annual 6.7% increase in days on market to sell a home in Albuquerque, the real story begins to emerge when we look at December of 2022 – that month having 66.7% longer days on market than December 2021! This paints a very different picture, as it’s no longer feasible to expect multiple offers for your house within mere hours after putting it up for sale. Instead, an expectation of 30 days or less on the market may be more realistic and this adjustment back to normality doesn’t happen overnight; markets need time to balance out and recover from an extreme seller’s market, just as is the case here due to the Coronavirus pandemic.

2022 Sales Decline by 22% in Albuquerque
Albuquerque home sales have seen a substantial decrease in the year 2022, dropping by an astounding 22% according to the Greater Albuquerque Association of Realtors. Albuquerque is currently facing a shift in the housing market. The combination of high mortgage rates and high housing prices is making it more difficult for potential buyers to secure real estate in Albuquerque. With fewer homes on the market compared to previous years and mortgage interest rates edging higher due to rising inflation, Albuquerque homebuyers are faced with increasingly difficult conditions while attempting to purchase a home. Albuquerque’s current housing situation is creating unique challenges for potential buyers as they strive to find affordability and stability in a difficult real estate market.

The slowdown in real estate sales has caused buyers and sellers to feel its effects. Sellers are having to adjust their expectations; the days of their homes selling in a matter of hours, way over list price, are long gone. We have shifted to a more neutral market for both buyers and sellers, which means taking more time to find the right fit and making sure that both sides are in agreement on the terms of the sale. Sellers must now realize that although market conditions may be difficult, it is still possible to secure a sale at a fair price that takes into account current market trends.

The Changing Albuquerque Real Estate Market is Real
Albuquerque’s real estate market has been undergoing notable changes for the last few months, shifting from an extreme seller’s market to one that is more balanced. The current mortgage rates have rapidly increased in 2022, causing an affordability problem for many buyers who are looking at Albuquerque’s high prices of houses. This especially affects first-time home buyers, who have been finding it increasingly hard to get a foot on the property ladder. Although no one can predict when these factors may change, there is no doubt that Albuquerque’s high mortgage rates and expensive properties will remain a challenge for those searching for their dream home.

Mortgage Rates Are Killing Sales The Albuquerque Housing Market
The mortgage rate landscape has been drastically changed by the year 2022. At the start of the year mortgage rates were very low at 3%, however, were soon to increase at a dramatic pace. Mortgage rates doubled from the start of 2022 to their average rate of 6.53% at the end of the year. It is no wonder that many are struggling to qualify for a mortgage after such exponential growth in mortgage rates. It seems likely that mortgage rates will continue to grow throughout this next year, although at a slower pace than before. With mortgage rates fluctuating so drastically, it is unsurprising that the housing market across the country has been hit hard as well. Unfortunately, it is impossible to predict what will come in 2023; one thing is for sure though, mortgage rate volatility continues to create serious ramifications within housing markets around America.

What Should Sellers Do In This Market?
Selling in this market can be a tricky proposition. Even homes in the best neighborhoods in Albuquerque are taking time to sell. It depends on the individual’s circumstances and what their plans are after selling their house. If a seller is looking to purchase another home, then they must keep in mind rising interest rates and plan accordingly. On the other hand, prices are high and it may be an ideal opportunity to sell at an attractive price point. Ultimately, what sellers should do will come down to what they believe is best for them and what their objectives are when selling.

What Should Buyers Do In This Market?
Those in the market for a new home and needing to purchase soon should act now rather than wait since it is impossible to predict what prices or rates will do in the future. Interest rates are on the rise and may continue to rise, so locking in a good rate now can be beneficial to buyers. Furthermore, when interest rates eventually come down, those who have already bought can take advantage of this by refinancing their mortgage if desired. With all things considered, what buyers stand to gain by waiting may be outweighed by what the cost of not acting could be – making now the right time for those needing to buy soon!

Unique Trick to Stop a Headache Fast

Headaches are caused by many things. One of the most common causes is stress, not just the mental kind of stress, but stress to your body as well. Stress can cause tension in your face, neck, and shoulder muscles. This will often lead to headache. This is commonly known as a tension headache. If you slept wrong, pulled a muscle in your upper body, or you’re dealing with a lot of stress in your life, you’ve probably experienced this before. The unique method below will help get rid of that headache fast!

1. Begin by using your dominant hand’s forefinger and thumb. Locate the area between your forefinger and thumb on your non-dominant hand. This is a very fleshy area. In the junction you will find a firm knot-like tendon. This is a pressure point.

2. Once you’ve located this pressure point, use your dominant hand to firmly massage the area, You don’t want it to be painful, but do maintain firm pressure to the area. This works best if someone else can massage the area for you, but it’s not necessary.

3. Close your eyes and continue to massage the pressure point. You may notice some relief after a few minutes, but continue to rub the area. The headache can come back quickly if you stop too quickly.

4. Continue the massage for approximately fifteen to twenty minutes. This method will stop your headache fast, but if you don’t continue to rub the area, it can come back, Once you’ve finished, the headache should be gone for good. It will at least gone for a long time.

Now that your headache is gone, it;s time to fix the source of stress. The tension will continue to come unless you take measures to relax those muscles. You might try taking a nap, as lack of sleep can sometimes be the cause. A hot shower to relax your neck muscles can help as well. You might prefer trying a heating pad to your shoulders.

Your eyes might be sensitive from the headache. Turning all the lights down or off can sometimes help as well. If you suspect your headache is sinus related, you may have to resort to medication. A decongestant helps to relieve pressure in the sinus cavities. An antihistamine can help with allergy related symptoms.

Identifying the cause of your headache and taking measures to correct the issue will keep the headache from returning. If you haven’t found a source of the headache, but continue to experience it, a trip to the doctor is likely needed. Headaches can be caused by a multitude of things. They are generally not serious. However, on occasion there can be a serious underlying cause for the headache. If you have frequent or very severe headaches or migraines, seek medical attention.

How to Start an Online Business – 5 Great Ways to Launch Your Business Today

Most people these days are tired, bored, and frustrated with their 9 to 5 job. You don’t feel satisfied with your work, you don’t feel like you have enough time for yourself, and you’re tired of working for “the man”. More and more, we are freeing ourselves from the shackles of big corporations and seeking work alternatives. A great way to have more free time and make more money is to start an online business. There are a number of ways to go about it, and I’ll give you five great ideas you can choose from, from most simple to more advanced. Marketing physical products. In this case, all you have to do to start an online business is create webpages that talk a little bit about a product of your choice, and include a link to a merchant that sells that product (e.g. Amazon). When the visitor buys a product after clicking on your link, you get a certain percentage of the money from that sale. This is called affiliate marketing. Of course, you have lots and lots of webpages that bring you lots of sales every day (which means lots of commission for you).
Create a blog. This involves writing about a topic that you’re passionate about on an regular basis. You find dedicated readers by seeking them out in forums and connecting with people online. To start an online business in blogging successfully, you need to write quality posts that will gain trust from your readers. Then, when you recommend products (either your own or through an affiliate link), you’ll have a greater chance that your readers will buy from you since you have built a trusting relationship.
Article marketing. This is a little bit like blogging but with a twist. To start an online business in article marketing, you’ll be writing articles and submitting them to various article directories. These articles rank high in Google, and you include a link to your website at the end. After providing valuable information in the article, you entice readers to click to your website. Once on your website, you provide more information on the subject and then include a link to the merchant, where you’ll hopefully get a sale.
Run a Pay-per-click campaign Unlike the previous three methods, PPC campaigns are not free. In this method, you pay for advertising space on your search engine of choice that drive targeted traffic to your site. The advantage if you start an online business this way is that PPC campaigns tend to be more sustainable and often make much more money. But you need to know what you’re doing here because it’s easy to lose lots of money if you don’t do it right!
Sell a product. The first four methods were affiliate marketing methods. But if you feel like you’re ready to step it up a notch, you can start an online business by selling your own product. This can be an digital product (e.g. an e-book) or a physical product. The advantage of selling digital products is that there are no manufacturing costs and no inventory. E-books are usually very simple to make, too. And once you have your own product to sell, you can have other affiliate marketers selling your product too!