U.S. News and World Report announced last week that Las Cruces, New Mexico is #6 on their list of the Top 10 Cities in America for Real Estate Steals. This confirms what we already know, Las Cruces, New Mexico is a great place to live, relocate or retire!
Here’s what U.S. News had to say about Las Cruces:
The housing market in Las Cruces, N.M., has become increasingly undervalued in recent years when compared with historical averages. The area’s price-to-income ratio has fallen from 3.03 in the first quarter of 2006 to 1.37 through the third quarter of 2009. Growing affordability is one reason for the increase in home sales in the area in the third quarter. And aided by government jobs and healthcare employment, Las Cruces’s population is expected to grow twice as fast as the rest of the country’s. That will help Las Cruces emerge as one of the most rapidly expanding areas in the country over the next half decade, according to Moody’s Economy.com.