The Farmington phenomenon |
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Investors still looking for that golden nest egg need look no further than Farmington, N.M. Durango’s bargain-priced neighbor to the south was recently featured on NBC’s “Today Show” as bucking the national trend of sagging housing markets. Farmington was featured along with three other “up-and-coming” markets nationwide. Other areas included Redding, Pa.; Austin, Texas; and Biddleville, N.C., outside of Charlotte. Not only is Farmington a relative bargain, with the median home price at $188,865, but it is also a good investment, with median prices still climbing to the annual tune of 10 percent, despite the national downturn. All this, and the area is “drop-dead” gorgeous, according to the 10-second stint, which aired last Friday. –Missy Votel |
In this week's issue...
- May 15, 2025
- End of the trail
Despite tariff pause, Colorado bike company can’t hang on through supply chain chaos
- May 8, 2025
- Shared pain
Dismal trend highlights need to cut usage in Upper Basin, too
- April 24, 2025
- A tale of two bills
Nuclear gets all the hype, but optimizing infrastructure will have bigger impact