New Mexico

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.

Rosemary Romero maintains the community garden at the entrance to Casa Linda, a 125-home subdivision in the center of town with entry off Cerrillos Road via Monterey Drive. It's a lovely neighborhood, she says, but is being damaged from the inside out.

Among the budget cuts proposed by the Trump administration is $6 billion to the Department of Housing and Urban Development, which could translate to the loss of Section 8 housing to 1,400 families statewide, about half of them in Albuquerque.

Albuquerque's hot resale-homes market followed up a record-breaking May with June transactions not far behind, according to data released Monday by the Greater Albuquerque Association of Realtors.

Halfway through 2017, home sales remain robust in the Santa Fe, N.M., market, with closed transactions up more than 9% through June and median prices in both the city and county up over last year's numbers.

The company will also gain its first branches in New Mexico after it buys Peoples Inc.

Apartments in Albuquerque are in high demand as occupancy rates remain strong and rent continues to climb.

The median price reported to the Realtors Association of New Mexico for the month of April was $192,000, which is nearly 4% higher than the March 2017 median and more than 6% higher than the April 2016 median.