1,012 sales were reported to the REALTORS Association of New Mexico (RANM) during January 2015. This number is 0.8% ahead of January 2013 when 1,004 sales were reported and 1.4% lower than the January 2014 number of 1,026.
“Low interest rates, new policies introduced recently including the Federal Housing Finance Agency’s 3% down payment program and the Federal Housing Administration’s mortgage insurance premium reduction policy have helped,” says Baro Shalizi, 2015 RANM President. “However, the January 2015 New Mexico housing market reflects national trends.”