Albuquerque Home Sales Up in November

Albuquerque Home Sales Up in NovemberNovember was another good month for home sales in Albuquerque, but it’s not necessarily a sign that New Mexico’s economy is actually recovering from the recession.

The state’s economy is still not creating many jobs, and the work force has shrunk, but more people are buying and selling houses, and that is a positive sign that a recovery might be on the way.

Five hundred and fifty two houses sold in Albuquerque in November, 12.2 percent higher than November of last year, and the 17th consecutive month of year-to-year increases. We’re still not back to pre-recession numbers, but this is a lot busier than the grim days of 2010 and 2011. Historically low interest rates and low prices appear to be driving the trend.

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Authored By Stuart Dyson – See the Full Story at KOB.com

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