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News

Albuquerque Home Prices Decrease, Inventory Increases in September

October 13, 2024

Home prices in the Albuquerque residential market continued on a trend of decline in September, according to the latest Greater Albuquerque Association of Realtors report. Read…

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Debate on More Tax Dollars for the Unhoused Draws Concerned Citizens

September 23, 2024

Are more tax dollars needed to provide housing for those experiencing homelessness in Albuquerque? There were no simple solutions during a Saturday debate at the…

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$6.5M Permit Issued for Farolito Senior Community

September 23, 2024

The City of Albuquerque issued 24 commercial building permits between Sept. 16 and Sept. 20. The permit for the largest project in terms of square…

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NM Department of Transportation Lays Out Plans for EV Infrastructure Program

September 22, 2024

On Friday, the New Mexico Department of Transportation (DOT) gave a presentation about its electrification program at the Urban Land Institute’s “Unlocking Infrastructure in New…

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Rent Is Eating Up a Greater Share of Tenants’ Income in Almost Every State

September 16, 2024

Arizona and Nevada had the biggest spikes in renters paying 30% or more of their income on housing from 2019 to 2023. There were 21…

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Most New Mexico College Students Struggle with Unstable Housing and Limited Food

August 29, 2024

Nicole Pelt is on track to be the first person in her family to graduate college. The 20-year-old Diné student is in her senior year…

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Soaring Insurance Costs Could ‘End’ Affordable Housing, Developers Warn

August 25, 2024

Developers and landlords of subsidized housing, who cannot raise rents or charge more for starter homes, say property insurance increases could put them out of…

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Three New Mexico Tribal Communities Awarded $10.5 million in Federal Housing Money

August 5, 2024

On July 29, the U.S. Department of Housing and Urban Development awarded $10.5 million to three Tribal communities in New Mexico for new affordable housing…

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New Statewide Housing Report Finds Problems Linger With Affordability, Homelessness, Quality

July 25, 2024

Housing continues to be unaffordable for many renters and homeowners across the state, according to a report released by the New Mexico authority tackling the…

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NM MFA: 2024 New Mexico Housing Needs Assessment

July 25, 2024

The Housing Needs Assessment is a comprehensive report on housing issues in New Mexico. Key Findings presents current year Housing Needs Assessment’s most telling state-level indicators related…

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Albuquerque Residential Market in Top 50 Most Unaffordable

July 19, 2024

Albuquerque ranked 45th out of 100 total cities for unaffordable housing, according to a data analysis from RealtyHop. Read More

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$1M From Feds Would Add Transitional Housing for Homeless Families

June 10, 2024

Transitional housing options for Albuquerque’s women and children exiting emergency shelters are limited and waitlists are long — circumstances that can result in a return…

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Senator Fetterman and Representative Blunt Rochester Introduce Legislation to Reduce Regulatory Barriers to Affordable Housing

June 10, 2024

Senator John Fetterman (D-PA) and Representative Lisa Blunt Rochester (D-DE) introduced the “Reducing Regulatory Barriers to Housing Act” (S.4460, H.R.8604) in their respective chambers of the…

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Guest Column: How to Prepare Your Business for Uncertain Real Estate Market

June 5, 2024

If there’s one common theme that resonates across the real estate market, from property owners, to investors and developers, it’s uncertainty. Constant changes in the…

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How the HUD’s New Income Limits Will Impact New Mexico Families

June 3, 2024

Housing in Albuquerque is still sparse to say the least and the high prices aren’t helping. At least one national site has the average rent…

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Judge Strikes Down Santa Fe “Mansion Tax”

May 22, 2024

In a Wednesday morning hearing, First Judicial District Court Judge Bryan Biedscheid ruled against a popular and pending tax intended to help create a funding…

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Albuquerque Journal: One-on-One with Kendra Yevoli, Executive Director Ventana Fund

May 21, 2024

Kendra Yevoli wants to turn New Mexico’s economy around. Yevoli, the executive director of the Ventana Fund, has two children and three grandchildren who live…

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Wages in New Mexico Flatline, Employment Sees Uptick

May 7, 2024

New Mexico can’t seem to break $40,000 in median annual pay. That figure has remained static since the end of last year, according to ADP Pay…

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Top 10 Trends in Affordable Housing

May 6, 2024

Among affordable housing developers today, there’s one commonality tying projects together: uncertainty. AEC firms share their latest insights and philosophies on the future of affordable…

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Mayor Keller Signs Resolution to Accelerate Housing Construction in Albuquerque

May 2, 2024

A new bill designed to boost housing construction and streamline the construction process for developers within the Albuquerque metro has been approved. Resolution 24-22, which prioritizes…

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New Joint Housing Board to Hold First Meeting

March 28, 2024

The Middle Rio Grande Housing Collaborative, a new board jointly formed by the City of Albuquerque and Bernalillo County, is set to hold its first…

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Austin-Based Developer Begins Construction on Rio Rancho Build-to-Rent Community

March 26, 2024

An Austin-based real estate developer and an Albuquerque-based homebuilder are teaming up to construct the City of Vision’s first build-to-rent community. The Eleanor Rio Rancho…

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HUD Offers New Initiatives For Manufactured Housing

March 1, 2024

The U.S. Department of Housing and Urban Development (HUD) has announced its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, which is designed to…

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El Paso Ready to Open Advanced Veterans Center for Homeless Support

February 17, 2024

A new center aimed to support homeless veterans is preparing to open in Downtown El Paso. The center is the Veterans Transitional Living Center located…

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Texas-Based Company to Bring Hundreds of Jobs to Roswell

February 14, 2024

Austin-based real estate company Turnkey Ventures Inc. is planning to turn a long-closed building at the Roswell Air Center into a modular home manufacturing center.…

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Las Cruces Landlord Tenant Relations

February 14, 2024

Landlord/Tenant Relations Handbook The Landlord/Tenant Relations Handbook is a useful guide for both renters and landlords to know their rights and responsibilities under the New…

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State Creates Council to Address Lack of Affordable Housing Amid Surge in Homeless Population

February 14, 2024

Orlando Santillanes, 42, holds his dog, Coqueta, as he sits inside the broken-down vehicle he has been living in for the past six months parked…

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Your Input Needed: Community & Fair Housing Survey

February 6, 2024

Community Members, We need your feedback. Every five years, the state of New Mexico creates a consolidated plan to assess affordable housing needs and community…

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Trouble on the Horizon for Multifamily Investors?

February 5, 2024

Higher property taxes and insurance costs are making investors take note. But is it as bleak as it seems? Often in an industry, people use…

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Navigating the 2024 Commercial Property Insurance Market | Property & Casualty

January 30, 2024

Since 2017, the commercial property insurance market has demonstrated persistent premium increases. Although there were indications of rate moderation in 2022, predominantly within single digits,…

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