2014 New Mexico Housing Market

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The New Mexico housing market experienced some rough times in the aftermath of the 2008 recession. But, things appear to be improving now that the second quarter of 2014 ended. Experts claim that the 2014 New Mexico housing market is experiencing a slow uptick. It also experienced some notable improvements along with accolades from experts around the country. What does the rest of the year have in store for the real estate market in New Mexico? … [Read more...]

2013 New Mexico Housing Market

After surviving a double-dip recession in late 2012 and experiencing the loss of many of its residents, New Mexico is facing a long road to real estate market recovery. An article in Albuquerque Business First (“Economic Outlook conference explores NM’s road to recovery,” Jan. 15, 2013), quoted University of New Mexico Bureau of Business and Economic Research Director Lee Reynis saying “the state’s economy is ‘continuing to move … [Read more...]

2013 New Jersey Housing Market

After years of hovering at record lows, New Jersey’s home prices are poised to increase in 2013. According to an article in The Record (“Appraiser sees NJ home prices rising in 2013, after long slide,” Oct. 26, 2012), New Jersey appraiser Jeffrey Otteau said he expects prices to rise gradually, taking until 2020 to return to 2005 levels. The article reads in part, “‘the recovery in the housing market is only just starting,’ said Otteau, of … [Read more...]

Investor Real Estate Market Forecast

Lucky 7 Investor Forecast The Lucky 7 Best Investor Housing Predictor real estate market forecasts for 2008 are intended for investors willing to take a risk buying real estate to make a profit. Housing Predictor forecasts more than 250 local housing markets in all 50 U.S. states and the Lucky 7 Forecast is betting that investors will make a profit in the forecast markets. However, purchasers obtaining financing should be able to handle … [Read more...]

Four States with Appreciation in Housing Markets

Now There Are Only 4 Real Estate has changed. Only four states remain with enough local housing market appreciation to stay on the Housing Predictor appreciation list for the remainder of 2007. The over-whelming majority of housing markets have deflated throughout the nation. Just four states have regionally vibrant economies enough to be strong enough to weather the nation’s mortgage crisis storm without substantial damage. At the height … [Read more...]

Twenty Five Percent of Real Estate Markets to Appreciate

Nearly a quarter of the real estate markets Housing Predictor forecasts in 2008 will see appreciation, while the majority are projected to deflate with slower home sales. Some 251 markets are forecast in all 50 states for the year with 191 projected to depreciate. Sixty are forecast to appreciate. Those forecast to appreciate are generally less populous or have experienced slower housing cycles than the rest of the country, and most are … [Read more...]

2012 New Mexico Housing Market

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 regions new movie studios has taken their toll on the state and its housing markets, which are … [Read more...]

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 firm that provides key strategies to the new apartment building industry, predicts rents will increase 4.5% during the year as … [Read more...]

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 financial crisis. As homeowners lose jobs in rising numbers, a drag is emphasized on the economy in … [Read more...]

2010 New Mexico Housing Market

Until the current financial crisis New Mexico didn't have to deal with much fall out from nationwide economic events since government jobs account for nearly a fifth of the state's employment. Low mortgage rates have fueled a surge in home sales with government tax credits. The increase in sales is beginning to show that markets in New Mexico will recover from the housing crash in time. The government orchestrated rise in housing sales may act … [Read more...]