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.
On this week's Let's Talk New Mexico, we're discussing skyrocketing housing costs in New Mexico, and we want to hear from you! Did you grow up in Albuquerque or Santa Fe and you worry that you might never be able to afford a home because of rising prices? Did you get caught up in a bidding war or beat out by a buyer who wants to pay with cash? Are you a renter struggling to find a suitable home you can afford? Email us at LetsTalk@KUNM.org or call in live during the show.
GUESTS:
Michael Barrio, Executive Director, Santa Fe Housing Action Coalition
Belinda Franco, President, Greater Albuquerque Association of Realtors
Johanna Gilligan, Director of Community Developement, Homewise
Serge Martinez, Professor of Law, University of New Mexico, Founder of Amparo
Daniel Werwath, Executive Director , New Mexico Interfaith Housing and Acting Director, The Housing Trust
OTHER RESOURCES:
- Albuquerque Housing Authority helps find, and sometimes pay for, affordable rentals.
RELATED READING:
- Part 1, House Rules (Santa Fe Reporter)
- Part 2, Home Game (Santa Fe Reporter)
- Affordable Housing Divides Council (Albuquerque Journal)
- Rates, Demographics, Pandemic Spur ABQ-Area Housing Prices Upward (Albuquerque Journal)
- Nowhere Left To Go (Searchlight New Mexico)
