A more diversified economy has helped New Mexico through the U.S. financial crisis, but it hasn’t been able to fully protect it from the economic hardship associated with its fallout. Better employment levels than most other areas of the country translate into a stronger local economy. Industries that have suffered, however, including some of the… Continue reading 2012 New Mexico Housing Market
Category: New Mexico
New Mexico housing market
Tight Rental Market Squeezes Tenants
By Mike Colpitts A lack of rental housing for the first time in years in the multi-family residential market is sending the rental market into a recovery. Vacancy rates fell to the lowest level in 2010 in more than four years as a leading rental advisory firm forecasts higher rents in 2011. Witten Advisors, a… Continue reading Tight Rental Market Squeezes Tenants
2011 New Mexico Housing Market
Growing unemployment and businesses exiting the state are hurting New Mexico housing markets, which are sustaining larger losses in sales and home values as the recession unwinds. Job losses in professional, construction and retail sectors are troubling New Mexico, which is one of the last state’s in the nation to be hit hard by the… Continue reading 2011 New Mexico Housing Market