Published 15 December 2017 LAS CRUCES – According to the Pew Research Center, baby boomers are currently retiring at the rate of 10,000 per day. According to a Dec. 7 report from the Las Cruces Association of Realtors, retirees currently make up almost one-third of all out-of-state homebuyers who purchase homes in the Las Cruces area. A sampling of 243,
Read MorePublished 8 December 2017 LAS CRUCES – After steadily declining over the past decade, the percentage of home sales closed at a price of $350,000 and above have finally begun to rise. According to a Dec. 3 report from the Las Cruces Association of Realtors, 123, or 7.9 percent, of the 1,589 new and existing free-standing, single-family homes sold through
Read MorePublished 18 March 2017 LAS CRUCES – The number of new and existing homes sold for $250,000 and above in February rose significantly over the number of higher-end homes sold in January, according to statistics pulled from the archives of Las Cruces Association of Realtors on March 14. Nineteen of the new and existing homes, townhomes
Read MorePublished 26 Febuary 2017 LAS CRUCES – There’s hardly a person with even a passing interest in real estate who isn’t aware of the three most important rules of buying and selling; location, location, location. But is the location of a property really that important? Almost without exception, the answer is clearly “yes.” Although a
Read MorePublished 18 February 2017 LAS CRUCES – Local Realtors sold more homes last month than in any January during the past eight years, according to a February 13 report from the Las Cruces Association of Realtors. Five of those years are detailed in the accompanying table. The 104 sales of new and existing homes, townhomes
Read MorePublished 12 February 2017 The law of supply and demand is quite simple: Prices rise when demand outpaces supply, decline when there’s an oversupply, and remain stable when the quantity of the commodity, product or service desired is equal to the quantity available. Demand for real estate certainly waned following the collapse of the housing
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