Let's Talk [Un]Affordable Housing

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Manage episode 291874563 series 2491423
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Let’s Talk New Mexico 5/6 8am: Home prices are rising everywhere, but especially in the West . Mortgage interest rates are low, people are free to work remotely, and relocation to places like New Mexico makes sense for those wanting to escape high costs of living in other areas. But lackluster home and apartment construction in our state over the last decade means that New Mexican cities have little inventory for renters or buyers, and would-be sellers often don’t list their homes because they can’t find a replacement. These pressures are filtering down to the rental market, encouraging rents to go up .

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