“October activity plus continued low interest rates should mean the housing market in New Mexico will end 2014 on a positive note,” says Sandylee Pasquale, RANM 2014 President. “Year to date sales numbers are slightly ahead of 2013 January through October numbers, but the big jump from September 2014 bodes well for the trends. First-time home buyers are still missing from the real estate marketplace. Relaxation in overly restrictive lending standards will bring the first-time home buyer back.” NAR and RANM leadership will continue to work with leaders in Washington to continue to open doors for more buyers including First Time home buyers.
Read the complete news release
View RANM’s detailed New Mexico Housing Trends Reports for October 2014