New Mexico Real Estate

By: Seth Willis Jr.

In New Mexico, the Native Americans and the Anglo-Americans make up the small population of the state. There are still adobe villages throughout the state. People still celebrate traditional festivities reminiscent of pre-Columbian and Spanish influences. Much of this influences are still visible in the architecture of the buildings and homes, and in the customs of the people. In 1945, New Mexico became the center for nuclear research.

Geographical Location and Demography

New Mexico occupies a stretch of 314,917 sq km (121,590 sq mi) and 606 sq km (234 sq mi) of inland water. It has therefore the distinction of being the fifth largest state in the United States. On the north are the Colorado boundaries, on the west Oklahoma and Texas. The south border is taken up by Texas and Mexico. Arizona borders on the west. The New Mexican landscape is guarded by the mountain ranges that lend a formidable skyscrape.

Climate

Down in New Mexico it is sunny. The climate is mild. Winters are warm. It is always cooler and wetter up in the mountains and the nearby environs. The state also experiences an annual average precipitation of about 8 inches. Precipitation is higher in the valleys of Rio Grande and San Juan.

The wettest season is on July and August. In winter snow caps the mountains and the lower elevations.

Industries

Early in their history, the people settled along the river banks. They found sufficient livelihood in farming and ranching. When the first railroad was completed in1879 the state saw an important economic transformation. With the availability of freight services, cattle ranching expanded to a large scale. Agriculture also saw development as more people cultivated cash crops. Mining became an important source for economic viability. People mined silver and gold and other minerals.

Economic activities increased when the Los Alamos National Laboratory was set up in 1943. It was here that the first atomic bomb was developed. Military and Energy establishments spurred economic growth.

In 2005, the work force of New Mexico had 941,300 people. Some 42 percent were in the service industries, mostly occupations along tourism. Others did work as computer programmers or did serving in the many restaurants. Twenty percent was in wholesale or in the retail trade; 22 percent were working for the federal, state, or local government. Some were in the employ of the military. About 6 percent are in construction; 29 percent in real estate, finance and insurance. Manufacturing had an employment of 6 percent. Farming or forestry had a minimal 3 percent even including agricultural services. The mining industry had 2 percent of the total workforce.

The New Mexico real estate industry is host to many reputable real estate companies. These New Mexico real estate companies provide prospective buyers information of accurate New Mexico real estate appraisals, down payment estimates, tax concerns, and an updated list of properties for sale. The last will give buyers the opportunity to place a bid at the right time. Buyers can ask these New Mexico real estate agents to look whatever New Mexico real estate properties they want; buyers may want a condominium, a single family home, a farm or commercial buildings.

Sunny New Mexico

Sunny New Mexico is a veritable mine for investment opportunities. Isn't it about time we go to New Mexico?

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