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News
Albuquerque Home Prices Decrease, Inventory Increases in September
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…
Read MoreDebate on More Tax Dollars for the Unhoused Draws Concerned Citizens
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…
Read More$6.5M Permit Issued for Farolito Senior Community
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…
Read MoreNM Department of Transportation Lays Out Plans for EV Infrastructure Program
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…
Read MoreRent Is Eating Up a Greater Share of Tenants’ Income in Almost Every State
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…
Read MoreMost New Mexico College Students Struggle with Unstable Housing and Limited Food
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…
Read MoreSoaring Insurance Costs Could ‘End’ Affordable Housing, Developers Warn
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…
Read MoreThree New Mexico Tribal Communities Awarded $10.5 million in Federal Housing Money
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…
Read MoreNew Statewide Housing Report Finds Problems Linger With Affordability, Homelessness, Quality
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…
Read MoreNM MFA: 2024 New Mexico Housing Needs Assessment
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…
Read MoreAlbuquerque Residential Market in Top 50 Most Unaffordable
Albuquerque ranked 45th out of 100 total cities for unaffordable housing, according to a data analysis from RealtyHop. Read More
Read More$1M From Feds Would Add Transitional Housing for Homeless Families
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…
Read MoreSenator Fetterman and Representative Blunt Rochester Introduce Legislation to Reduce Regulatory Barriers to Affordable Housing
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…
Read MoreGuest Column: How to Prepare Your Business for Uncertain Real Estate Market
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…
Read MoreHow the HUD’s New Income Limits Will Impact New Mexico Families
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…
Read MoreJudge Strikes Down Santa Fe “Mansion Tax”
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…
Read MoreAlbuquerque Journal: One-on-One with Kendra Yevoli, Executive Director Ventana Fund
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…
Read MoreWages in New Mexico Flatline, Employment Sees Uptick
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…
Read MoreTop 10 Trends in Affordable Housing
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…
Read MoreMayor Keller Signs Resolution to Accelerate Housing Construction in Albuquerque
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…
Read MoreNew Joint Housing Board to Hold First Meeting
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…
Read MoreAustin-Based Developer Begins Construction on Rio Rancho Build-to-Rent Community
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…
Read MoreHUD Offers New Initiatives For Manufactured Housing
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…
Read MoreEl Paso Ready to Open Advanced Veterans Center for Homeless Support
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…
Read MoreTexas-Based Company to Bring Hundreds of Jobs to Roswell
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.…
Read MoreLas Cruces Landlord Tenant Relations
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…
Read MoreState Creates Council to Address Lack of Affordable Housing Amid Surge in Homeless Population
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…
Read MoreYour Input Needed: Community & Fair Housing Survey
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…
Read MoreTrouble on the Horizon for Multifamily Investors?
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…
Read MoreNavigating the 2024 Commercial Property Insurance Market | Property & Casualty
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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