Checkout this article in the Albuquerque Journal written by Stephen Hamway, Journal Staff Writer.
“Limited inventory and strong demand for new homes have caused prices to skyrocket in what was once one of the West’s more leisurely housing markets.”
“In May, the median price for a single-family detached home in metro Albuquerque reached $290,000 – a market record and a staggering 26.1% increase from a year prior, according to the Greater Albuquerque Association of Realtors.”
EDITOR’S NOTE: This is the first in a series of stories on Albuquerque’s growing housing affordability crisis.
