2016 New Mexico Real Estate Market Predictions

The state of New Mexico, known as the “Land of Enchantment” was the 47th state added to the United States. It is the fifth largest state by size measuring 121,593 square miles. Despite its size, the population of 2,085,583 is only 36th in the country. Three American Indian reservations and 19 pueblos can be found in the state. New Mexico is the third leading producer of crude oil and natural gas in the United States which contributes to … [Read more...]

2015 New Mexico Housing Market Predictions

In 2014 the New Mexico housing market saw a 3.6% increase in the number of homes sold compared to the year before. The 2015 housing market appears to be continuing the trend and the state could be looking at a record year. The Realtors Association of New Mexico (RANM) reports that there have been 8,806 home sales through June of this year. What are some of the reasons for buyer optimism? “Higher rents, a stronger job market, and gradually rising … [Read more...]