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.