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.

The median sales price of a single-family home in Santa Fe, N.M., rose nearly 12% in the first quarter over the same period last year.

Thanks to eager homebuyers, the Albuquerque metro housing market continued an upward trend last month, despite a short supply of single-family homes for sale.

New Mexico's housing market started 2018 like it was still 2017 — with higher prices and fewer homes for sale in most of the state's largest counties.

Officials with the Realtors Association of New Mexico said 2017 was another record setting year for the state's housing market.

The metro Albuquerque housing market closed out 2017 on a high note, according to the Greater Albuquerque Association of Realtors.

The Santa Fe-area housing market in 2017 saw the largest number of sales in more than a decade, and average home prices were some of the highest since the national housing bubble burst in 2008.

There are fewer Albuquerque-area homeowners underwater on their mortgages compared with last year.

Home sales in Santa Fe, N.M., are on track for a breakthrough, trending toward only the third double-digit sales increase since 2001.

Ocwen Financial Corp. received more breathing room on the legal front as the Securities and Exchange Commission is not pursuing an enforcement action against the company regarding its debt collection practices.

The tight rental market in Santa Fe, N.M., has always been an issue with those looking to work in the city or relocate here.