New Mexico

Providing city-owned land to build more homes, easing regulations for property owners to put up casitas, expanding down payment programs for prospective new homeowners — these are just a few of the recommendations in a new report on Santa Fe's housing problems.

Single-family homes in Santa Fe, N.M., sold for 21% more in the third quarter of 2018 than during the same period last year, the Santa Fe Association of Realtors reported.

Nationally, home sales numbers are on the decline as prices rise and inventory remains low, but New Mexico continues to buck the trend with monthly increases in the number of sales reported to the Realtors Association of New Mexico.

In New Mexico, total home sales rose 32% year-over-year for a total of 18,274 homes sold across the state. The median price increased 5.5% to $200,000.

The price of a home in Santa Fe, N.M., was up again in the second quarter, while the number of homes for sale was was down, the Santa Fe Association of Realtors reported.

House sales posted big gains in New Mexico from May 2017 to May 2018, showing a 28% increase.

Familiar themes continued to play out in the Albuquerque housing market in May.

The Santa Fe, N.M., luxury second-home market is the world's "hottest" — at least according to an annual report from Christie's International Real Estate.

The spring home buying season in the Albuquerque metro area could be described this way: Fewer house listings, higher prices and faster deals.

The Santa Fe, N.M., housing market is a typical example of supply and demand at work.